:max_bytes(150000):strip_icc()/GettyImages-21599466361-caf79ccc26aa4b46837c15983fe3e31e.jpg?w=1500&resize=1500,1000&ssl=1 "Amedisys, UnitedHealth Group Extend Deadline To Complete .3B Merger | Global News Avenue")
Amedisys, UnitedHealth Group Extend Deadline To Complete $3.3B Merger
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Main points
- UnitedHealth Group and Amedisys agreed to extend the deadline to complete their $3.3 billion merger.
- The deal was expected to close this week, but federal and state regulators moved to block it, and the challenge is now pending in a Maryland court.
- The new closing date for the deal is 10 days after the court ruling or December 31, 2025, whichever comes first.
UnitedHealth Group (united nations institutes of health) and Amedisys (yame) Agree to extend the completion period $3.3 billion mergerafter the U.S. Department of Justice took action to block it.
The deal was announced last June and was expected to close this week, but the Justice Department and state regulators moved last month to block the deal, arguing it could give UnitedHealth more in the market for home health and hospice services control. The case is currently before a federal judge in the District of Maryland.
Amedisys said in a regulatory filing on Friday that the companies waived their right to terminate the agreement until the 10th business day after the court’s final order, which is Dec. 31, 2025, whichever comes first.
The new exemptions include a $275 million regulatory breakup fee, which could be as high as $325 million if the companies fail to divest certain assets by May 1.
Amedisys shares rose more than 4% in early trading on Friday following the news, while UnitedHealth shares were little changed.
trading view
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