TL;DR CNBC

DOJ sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys

Publishing timestamp: 2024-11-12 19:50:22

Summary

The Justice Department is suing to block UnitedHealth Group's $3.3 billion purchase of Amedisys, citing concerns about hindering access to home health and hospice services. The government argues that the merger would harm patients, insurers, and nurses. UnitedHealth and Amedisys are the two largest providers in the country. UnitedHealth and Amedisys plan to defend the deal, stating it would be pro-competitive and innovative.

Sentiment: NEGATIVE

Tickers: UNH,  AMED, 

Keywords: amedisys inc,  health insurance,  mergers and acquisitions,  health care industry,  unitedhealth group inc,  business news, 

Source: https://www.cnbc.com/2024/11/12/doj-sues-to-block-unitedhealth-groups-3point3-billion-purchase-of-amedisys.html