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Monday, April 27, 2020

UnitedHealth’s Optum in talks to buy virtual therapy provider for $470M

CNBC reports that UnitedHealth Group’s (NYSE:UNH) Optum unit is in “advanced talks” to acquire New York City-based AbleTo, a provider of virtual behavioral healthcare services, for ~$470M according to informed sources.
The price, if agreed to, represents about 10x forward revenue.
https://seekingalpha.com/news/3565013-unitedhealths-optum-in-talks-to-buy-virtual-therapy-provider-for-470m

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