December 9, 2019 / 11:26 AM / 2 months ago

UnitedHealth unit to buy Diplomat Pharmacy in $303 million deal

Dec 9 (Reuters) - UnitedHealth Group Inc’s pharmacy services unit, Optum, would buy Diplomat Pharmacy Inc, valuing the company at about $303 million.

Optum said on Monday it would pay $4 per share for Diplomat’s outstanding common stock. Shares of the specialty pharmacy company closed at $5.81 on Friday.

Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Shinjini Ganguli

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