Unitedhealth and home health and hospice care company Amedisys have reached a proposed a settlement with the US Justice Department in a lawsuit that challenged the companies’ $3.3 billion deal https://t.co/Dz04v51xeF
Just in: DOJ mandates divestitures for UnitedHealth's $3.3B acquisition of Amedisys $UNH $AMED. Amedisys to pay $1.1M penalty for false certification. Deal includes divesting 164 facilities across 19 states, securing largest outpatient healthcare divestiture.
Amedisys Inc - Co and UnitedHealth Agree to Proposed Final Judgment - SEC Filing - $AMED $UNH https://t.co/78447LqHf8
UnitedHealth Group Inc. and home-health provider Amedisys Inc. have reached a proposed settlement with the U.S. Department of Justice that would allow their contested $3.3 billion merger to proceed, according to court filings and a DOJ statement. To resolve antitrust concerns, the companies agreed to divest 164 home-health and hospice locations across 19 states, a package the department said represents the largest outpatient-care divestiture it has required. The agreement also calls for Amedisys to pay a $1.1 million civil penalty for what the DOJ described as a false certification during the agency’s merger review. The deal, first announced in 2023 and later challenged by federal antitrust officials, will move forward once the court approves the consent decree and an independent buyer for the divested sites is secured.