UnitedHealth to Buy Diplomat at 31% Discount to Friday's Closing Price
09 Dezembro 2019 - 8:50AM
Dow Jones News
By Colin Kellaher
UnitedHealth Group Inc. (UNH) on Monday said it agreed to buy
Diplomat Pharmacy Inc. (DPLO) for $4.00 a share in cash, a roughly
31% discount to Friday's closing price.
Shares of Diplomat, a Flint, Mich., provider of specialty
pharmacy and infusion services, closed Friday at $5.81.
UnitedHealth, a Minnetonka, Minn., health insurer, said it will
combine Diplomat with OptumRx, the pharmacy-care-services business
of its Optum health-services unit.
UnitedHealth said the combination will support improved health
outcomes and reduced prescription-drug costs while helping lower
the overall total cost of care.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 09, 2019 06:35 ET (11:35 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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