Hopkins, Minn.-based UnitedHealth Group extended the expiration date on its exchange offer for Deerfield, Ill.-based Surgical Care Affiliates' outstanding shares.
Here are six points:
1. UnitedHealth extended the expiration date to March 24, 2017.
2. The offer was originally set to expire on March 21, 2017.
3. Aside from the final date, UnitedHealth did not change the other terms and conditions.
4. As of March 16, 2017, 32.5 percent of SCA's common stock was tendered pursuant to the exchange offer.
5. In January 2017, SCA announced it was merging with Optum, a health services company and part of UnitedHealth Group.
6. Through the partnership, SCA will become a part of Optum's platform, which serves millions of U.S. customers via 20,000 affiliated physicians and hundreds of facilities spanning the nation.