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UnitedHealth’s Optum To Purchase Diplomat Pharmacy For About $300M

By John F. Heerdink, Jr.

Dow 30 component UnitedHealth Group Incorporated (UNH) operates as a diversified health and well-being company in the United States. The company’s UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.

UnitedHealth’s pharmacy services unit, Optum to buy Diplomat Pharmacy (DPLO) for about $300 million after the pharmacy raised concerns to continue as a going concern after facing intense competition, as per reports. The deal was unanimously approved by Diplomat’s board of directors contemplates Optum’s move to pay $4 per share in cash for Diplomat’s outstanding common stock.

To learn more about (UNH) please visit the Vista Partners Company Dedicated UNH Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: UPDATE 1-UnitedHealth unit to buy Diplomat Pharmacy in $300 million deal in Reuters)


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