US Justice Department preps suit over UnitedHealth-Amedisys deal, Bloomberg News reports (updated)

Amedisys

12/11/2024 14:25

(Adds details from report in paragraphs 2 and 3)
       Nov 12 (Reuters) - The U.S. Justice Department is moving
to block UnitedHealth Group's  UNH.N  $3.3 billion purchase of
Amedisys Inc.  AMED.O  over concerns the deal would harm
competition in the market for home health services, Bloomberg
News reported on Tuesday, citing people familiar with the
matter.
    The report said antitrust officials have signed off on a
lawsuit to be filed in federal court as soon as this week to
stop the deal, according to the people, who asked not to be
named.
        The move follows a meeting last week between company
executives and the Justice Department in a last-ditch effort to
ease the government's concerns, the report added.
  
        The Justice Department, Amedisys and UnitedHealth did
not immediately respond to Reuters requests for comment. 
  

 (Reporting by Sriparna Roy in Bengaluru; Editing by Shreya
Biswas)
 ((Sriparna.Roy@thomsonreuters.com;))