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DaVita Inc. (DVA) Surged To A 7-Month High After Sale Of Subsidiary

Optum, part of UnitedHealth Group (UNH), announced Wednesday morning that it agreed to buy DaVita Medical Group, a subsidiary of DaVita Inc. (DVA), for about $4.9 billion in cash.

DaVita gapped open sharply higher Wednesday and advanced further around midday. The stock ended the day with a gain of 8.27 at $69.20 on the highest volume of the year. DaVita surged to a 7-month high.

by RTTNews Staff Writer

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