The transaction for USMD Holdings, a publicly traded company that provides health care services, is valued at almost $255 million, or $22.34 a share. The price is about a 9 percent premium to the closing price of USMD’s stock on Monday — before the transaction was disclosed.
USMD could be required to pay a termination fee of up to $10 million if the transaction fails to close.
Headquartered in San Antonio, Texas, WellMed is a healthcare delivery network serving more than 286,000 patients, mostly Medicare-eligible seniors, in Texas and Florida.
Founded in 1990 by Chairman and CEO, George M. Rapier, III, MD, WellMed provides an innovative medical approach for primarily Medicare-eligible patients by directly offering care to patients at primary care and multi-specialty clinics. WellMed also supports independent physicians through our medical Management Services Organization (MSO).
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