financetom
Business
financetom
/
Business
/
US sues to block UnitedHealth's $3.3 billion purchase of Amedisys
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US sues to block UnitedHealth's $3.3 billion purchase of Amedisys
Nov 12, 2024 12:22 PM

(Reuters) - The Justice Department and three U.S. states filed a lawsuit on Tuesday to block UnitedHealth Group's ( UNH ) $3.3 billion purchase of Amedisys Inc ( AMED ) over concern the deal would harm competition in the market for home health services, the department said.

"Eliminating the competition between UnitedHealth ( UNH ) and Amedisys ( AMED ) would harm patients who receive home health and hospice services, insurers who contract for home health services, and nurses who provide home health and hospice services," the department said in a statement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alphabet Insider Sold Shares Worth $600,172, According to a Recent SEC Filing
Alphabet Insider Sold Shares Worth $600,172, According to a Recent SEC Filing
Jul 2, 2024
02:07 PM EDT, 07/02/2024 (MT Newswires) -- Prabhakar Raghavan, Senior Vice President, on July 01, 2024, sold 3,262 shares in Alphabet (GOOGL) for $600,172. Following the Form 4 filing with the SEC, Raghavan has control over a total of 255,499 shares of the company, with 255,499 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1652044/000095017024080252/xslF345X03/ownership.xml Price: 185.04, Change: +2.05, Percent Change: +1.12 ...
Market Chatter: Walmart in Talks to Sell Medical Clinics
Market Chatter: Walmart in Talks to Sell Medical Clinics
Jul 2, 2024
02:03 PM EDT, 07/02/2024 (MT Newswires) -- Walmart ( WMT ) has discussed potential take over of its Walmart Health clinics that it has already started to close with potential buyers, including Humana (HUM), Fortune reported Tuesday, citing multiple sources familiar with the situation. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to...
Market Chatter: JD.com Among Potential Bidders for Evri
Market Chatter: JD.com Among Potential Bidders for Evri
Jul 2, 2024
02:11 PM EDT, 07/02/2024 (MT Newswires) -- JD.com ( JD ) is among the companies planning to bid for UK-based parcel delivery company Evri, Reuters reported Tuesday, citing two people familiar with the matter. JD.com ( JD ) has reached the second stage of bidding as it submitted a nonbinding offer last month, the people said, Reuters reported. Potential buyers...
UBS Previews BCE's Second Quarter
UBS Previews BCE's Second Quarter
Jul 2, 2024
02:03 PM EDT, 07/02/2024 (MT Newswires) -- UBS is lowering its estimated revenue/EBITDA for BCE by ~1% in the second quarter to reflect lower ARPU and competitive intensity. The telco is expected to track towards the low-end of its 2024 guidance for revenue, EBITDA, and FCF (UBSe flat/+1.1%/-9% yoy). In wireless, UBS expects industry tailwinds to continue to drive solid...
Copyright 2023-2026 - www.financetom.com All Rights Reserved