Amedisys, UnitedHealth Group Extend Deadline To Complete $3.3B Merger

UnitedHealth Group (UNH) and Amedisys (AMED) agreed to widen nan deadline to complete their $3.3 cardinal merger, aft nan U.S. Department of Justice moved to artifact it. 

The woody was announced successful June of past twelvemonth and had been expected to beryllium completed this week, but nan Department of Justice and authorities regulators moved past period to artifact it, arguing it could springiness UnitedHealth overmuch power successful nan marketplace for location wellness and hospice services. The lawsuit is presently successful beforehand of a national judge successful nan District of Maryland.

In a regulatory filing Friday, Amedisys said nan 2 firms waived their correct to terminate nan statement until nan 10th business time pursuing nan last bid of nan court, aliases Dec. 31, 2025, whichever comes first.

The caller waiver includes a regulatory breakup interest of $275 million, which could spell arsenic precocious arsenic $325 million, if nan companies neglect to divest definite assets by May 1.

Amedisys shares were up complete 4% successful early trading Friday pursuing nan news, while UnitedHealth shares were small changed.