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Key Takeaways
- UnitedHealth Group and Amedisys agreed to increase the deadline to finish their $3.3 billion merger.
- The deal had been anticipated to be accomplished this week, however federal and state regulators moved to dam it, and the problem is at the moment earlier than a Maryland courtroom.
- The deal’s new deadline is 10 days following the courtroom’s ruling or Dec. 31, 2025, whichever comes first.
UnitedHealth Group (UNH) and Amedisys (AMED) agreed to increase the deadline to finish their $3.3 billion merger, after the U.S. Division of Justice moved to dam it.
The deal was introduced in June of final 12 months and had been anticipated to be accomplished this week, however the Division of Justice and state regulators moved final month to dam it, arguing it might give UnitedHealth a lot management out there for dwelling well being and hospice companies. The case is at the moment in entrance of a federal decide within the District of Maryland.
In a regulatory submitting Friday, Amedisys stated the 2 companies waived their proper to terminate the settlement till the tenth enterprise day following the ultimate order of the courtroom, or Dec. 31, 2025, whichever comes first.
The brand new waiver features a regulatory breakup payment of $275 million, which might go as excessive as $325 million, if the businesses fail to divest sure belongings by Might 1.
Amedisys shares had been up over 4% in early buying and selling Friday following the information, whereas UnitedHealth shares had been little modified.
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