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IN BRIEF: Emis to suspend shares as takeover becomes effective

27th Oct 2023 13:00

Emis Group PLC - Leeds, England-based healthcare software and services - Shares suspended from trading on AIM in London on Friday and expects to cancel them from Monday next week, after its takeover by UnitedHealth Group Inc subsidiary Optum Health Solutions (UK) Ltd becomes effective.

In June last year, Emis agreed to a GBP1.24 billion takeover offer by Bordeaux UK Holdings II, an affiliate of Optum Health, which is a subsidiary of UnitedHealth. Last month, Emis said the UK Competition & Markets Authority cleared the deal. The CMA said it was initially concerned that the acquisition would "allow Optum to limit its competitors' access to the data held within Emis's patient record system or to degrade the digital connections to this system, which rivals rely on to provide integrated software."

By Greg Rosenvinge, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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