DOJ sues UnitedHealth amid $3.3 billion bid to buy home care giant Amedisys [CBS News]
Amedisys Inc (AMED)
Last amedisys inc earnings: 2/18 04:15 pm
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Source: CBS News
A UnitedHealth spokesperson confirmed with WCCO that the suit involves the health insurance giant's proposed $3.3 billion acquisition of Louisiana-based Amedisys Inc., one of the country's biggest home health and hospice care providers. Bloomberg News reports the suit was filed days after a meeting last weekend between the justice department and heads of both health care companies failed to quell concerns of possible antitrust issues, despite the companies' joint offer to sell off 100-plus clinics to a Texas-based competitor. The justice department believes the acquisition could "lead to higher prices in home health care in regions where Amedisys is a main competitor" to LHC Group, Bloomberg reports, a business UnitedHealth purchased in 2023. Both companies operate in many of the same states, especially in the South. This isn't the first time the justice department has had UnitedHealth in its legal crosshairs. Just two years ago, it unsuccessfully sued the company amid its purc
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News
- UnitedHealth's Optum Defends Multi-Billion Dollar Amedisys Deal, Ensures Competitive Landscape [Yahoo! Finance]Yahoo! Finance
- DOJ Lawsuit Questions UnitedHealth's $3.3 Billion Amedisys Deal [Yahoo! Finance]Yahoo! Finance
- DOJ sues UnitedHealth amid $3.3 billion bid to buy home care giant Amedisys [Yahoo! Finance]Yahoo! Finance
- DOJ sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys [CNBC]CNBC
- Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys [Yahoo! Finance Canada]Yahoo! Finance Canada
AMED
Earnings
- 11/6/24 - Miss
AMED
Sec Filings
- 11/13/24 - Form 3
- 11/7/24 - Form 4
- 11/7/24 - Form 144
- AMED's page on the SEC website