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Amedisys

All articles tagged with #amedisys

business1 year ago•4 min saved

DOJ and NY Attorney General Challenge UnitedHealth's $3.3B Amedisys Acquisition

The Justice Department, along with several state attorneys general, has filed a civil antitrust lawsuit to block UnitedHealth Group's proposed $3.3 billion acquisition of Amedisys, a home health and hospice services provider. The lawsuit argues that the merger would reduce competition, negatively impacting patients, insurers, and healthcare workers by potentially increasing costs and reducing care quality. The complaint also seeks civil penalties against Amedisys for alleged violations of the Hart-Scott-Rodino Antitrust Improvements Act.

via Department of Justice|

#amedisys #antitrust-lawsuit #business

business2 years ago•0 min saved

UnitedHealth acquires Amedisys in $3.3 billion deal, scraps Option Care Health merger.

Amedisys has agreed to be acquired by UnitedHealth Group for $3.1 billion, while scrapping its merger with Option Care Health. The deal will expand UnitedHealth's home health-care business and give Amedisys access to UnitedHealth's vast network of patients.

via The Wall Street Journal|

#amedisys #business #healthcare

business2 years ago•1 min saved

UnitedHealth acquires Amedisys for $3.3 billion, scraps Option Care Health merger.

UnitedHealth Group has agreed to acquire home health and hospice caregiver Amedisys for $3.3bn in cash, a dollar higher than its previous offer and above the $97.38 per share all-stock deal with Option Care Health in May. The acquisition will expand UnitedHealth's presence in home healthcare, a business it bolstered this year through a $5.4bn deal to buy Amedisys' rival, LHC Group. However, UnitedHealth's presence in the segment through the LHC acquisition has stoked some anti-trust concerns about the deal for Amedisys.

via Reuters|

#acquisition #amedisys #business

business2 years ago•3 min saved

Palo Alto Networks Dominates Stock Market Moves with Apple and Target Following Close Behind

Palo Alto Networks jumps over 4% after being added to the S&P 500, while 3M slides 3% as the judge in the company's multidistrict litigation over so-called forever chemicals agreed to delay the first trial three weeks. Coinbase tumbles 10% after the SEC sues crypto exchange Binance, and EPAM Systems shares fall 18% after cutting guidance. Amedisys rallies 14% after receiving an unsolicited buyout offer from Optum, and Target falls over 2% after being downgraded by KeyBanc.

via CNBC|

#3m #amedisys #business

business2 years ago•1 min saved

UnitedHealth's Optum makes $3 billion unsolicited buyout offer for Amedisys

Home health and hospice company Amedisys has received a competing all-cash buyout offer from Optum, a diversified health services company, while still under a pending merger agreement with Option Care Health. The unsolicited offer from Optum would be worth $100 per share in cash, compared to the $97.38 per share in all-stock deal with Option Care Health. Amedisys' share price spiked 15.5% premarket following the news.

via Greater Baton Rouge Business Report|

#amedisys #business #healthcare