Amedisys & UnitedHealth Group Extended Deadline to Complete $3.3B Merger

What you need to know

• UnitedHealth Group and Amedisys agreed to extend the deadline to complete their $3.3 billion merger. 
• Deal was expected to close this week. However, federal and state regulators have moved to stop it. A Maryland court is now hearing the case.
• The deal's new deadline is 10 days following the court's ruling or Dec. 31, 2025, whichever comes first.

UnitedHealth Group (UNH) and Amedisys (AMED) agreed to extend the deadline to complete their $3.3 billion merger, after the U.S. Department of Justice moved to block it. 

This deal, announced in June of 2012, was supposed to be finalized this week. But the Department of Justice (DOJ) and the state regulatory agencies moved last month against it. They argued that it could allow UnitedHealth to have a large amount of control on the market of home health care services and hospice. A federal district judge has been assigned to the District of Maryland.

Amedisys stated in a filing with the regulatory authorities on Friday that the two companies waived the right to end the contract until either the 10th day after the order is issued by the court or December 31, 2025.

This new waiver also includes a regulatory fee for breakup of up to $325,000,000 if companies don’t divest assets by the May 1 deadline.

Amedisys stock was up more than 4% at the opening of trading on Friday, following news. UnitedHealth’s share price remained unchanged.

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