By Ian Walker

 

Shares of EMIS Group PLC jumped 46% on Friday after the company said that it has agreed to a 1.24 billion pound ($1.53 billion) cash offer from UnitedHealth Group Inc.

Under the deal, accepting shareholders of the U.K.-listed healthcare-software provider will get 1,925 pence in cash for each share held. The price is a 49% premium to EMIS's closing price of 1,292.0 pence on Thursday.

Shares at 1456 GMT were up 598.0 pence at 1,890 pence.

The offer is being made by Bordeaux UK Holdings II Ltd., an affiliate of Optum Health Solutions (UK) Ltd., and subsidiary of UnitedHealth.

"We believe this combination will have the resources and expertise to enable us to better support the NHS and clinicians through technology innovations... We therefore consider that the combined group will be well positioned to serve its customers and partners in the U.K.'s healthcare system, whilst ensuring EMIS remains a strong organization supporting the NHS, thereby fulfilling EMIS's purpose of enabling better care through technology innovation," Emis's Chief Executive Andy Thorburn said.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

June 17, 2022 11:25 ET (15:25 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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