Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Healthcare · Services-Home Health Care Services

Optum to acquire Amedisys Inc

Announced Jun 26, 2023 · Closed Aug 14, 2025

Deal value$3.29BEV $3.64B
Premium29.4%To unaffected price
EV / Adj. EBITDA17.1x
ConsiderationAll cash$101.00 per share

Transaction

Acquirer
Optum
Target
Amedisys Inc (AMED)
Buyer type
Strategic
Offer price per share
$101.00
Enterprise value
$3.64B
Status
Closed Aug 14, 2025

Deal protections

Break fee (target pays)
$125M · 3.8%
Reverse fee (buyer pays)
$250M · 7.6%
Go-shop
No-shop
Financing
No financing condition

Advisors

To the acquirer
Not disclosed
To the target
Guggenheim
Guggenheim fee
$37.0M

Sector context · Healthcare

Comparable deals
85 in the prior 24 months
Premium
29.4% vs. 50.0% sector median
EV / Adj. EBITDA
17.1x vs. 19.3x sector median
Break fee
3.8% vs. 3.5% sector median

Timeline

  1. AnnouncedJun 26, 2023
  2. Proxy filedJul 31, 2023
  3. Definitive proxyAug 10, 2023
  4. Shareholder voteSep 8, 2023
  5. ClosedAug 14, 2025

Valuation · fairness opinions

Discounted cash flow$63.75$103.25
Discounted cash flow$71.00$108.25
Trading comparables$77.00$99.00
Offer $101.00

Implied value per Amedisys Inc share by analysis, from Guggenheim.

Sources
  • DEFA14A · Jun 26, 2023
  • DEFA14A · Jun 26, 2023
  • DEFA14A · Jun 26, 2023

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.