Optum Agrees To Buy Long-Term Care Provider Organization LHC Group For Over $5 Billion

On March 29, 2022, Optum agreed to acquire home health provider organization LHC Group for about $5 billion. The agreement calls for Optum to purchase LHC Group’s outstanding common stock for $170 per share. The deal is expected to close in the second half of 2022 subject to LHC Group shareholder approvals, regulatory approvals, and other customary closing conditions. LHC Group co-founders Keith and Ginger Myers will personally invest $10 million in UnitedHealth Group stock following the close of the combination.

Optum, a UnitedHealth Group business, intends to combine LHC Group operations with Optum Health, which works with . . .