UnitedHealth and Amedisys reach divestiture agreement in effort to complete merger
08/02/24 at 03:15 AM
UnitedHealth and Amedisys reach divestiture agreement in effort to complete merger
Open Minds - Industry Bulletins; 7/29/24
UnitedHealth Group and home health and hospice provider Amedisys entered an agreement to sell certain assets to a subsidiary of VitalCaring Group (VCG) as part of an effort to obtain regulatory approval for a merger first announced in June 2023. The deal, valued at $3.3 billion, has been held up due to concerns from the Department of Justice. UnitedHealth and Amedisys declined to provide more information on the divestiture. According to an SEC filing, the deal with VCG Luna would only go through if UnitedHealth and Amedisys complete their merger. Earlier in 2024, Amedisys agreed to divest upwards.