DOJ is suing to block UnitedHealth's $3.3 billion purchase of Amedisys because it says it would hurt access to home health and hospice services [Fortune]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Fortune
The antitrust complaint , filed in Maryland by the Justice Department and four states' attorneys general Tuesday, argues that a potential merger is illegal because the two companies are “such large competitors” already — and the deal would give UnitedHealth too much control in many local markets. That would mean less choice for patients looking for affordable care, the suit alleges, as well as fewer employment options for nurses seeking competitive pay and benefits. “American healthcare is unwell,” Assistant Attorney General Jonathan Kanter of the Justice Department's antitrust division, said in a prepared statement. “Unless this $3.3 billion transaction is stopped, UnitedHealth Group will further extend its grip to home health and hospice care, threatening seniors, their families and nurses.” Tuesday's lawsuit follows UnitedHealth's acquisition of LHC Group Inc. , another home health and hospice provider. Since that transaction's completion last year, the Justice Department sa
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UNH
Earnings
- 10/15/24 - Beat
UNH
Sec Filings
- 11/15/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- UNH's page on the SEC website