UnitedHealth-LHC Group merger ‘tentatively scheduled’

UnitedHealth Group is “tentatively scheduled” to close its $5.4 billion merger with LHC Group earlier than the market opens on Feb.23, the house well being supplier reported to the Nasdaq inventory Market Thursday.

In anticipation of the deal finalizing, LHC teams shares will cease buying and promoting when the market closes Feb. 22. the agency will probably be delisted even when the transaction is incomplete as a outcome of it has not held a shareholder meeting in a 12 months, which is required to carry on the Nasdaq commerce, the agency acknowledged in a submitting to the Securities and commerce fee final month.

UnitedHealth Group and the Lafayette, Louisana-based mostly supplier are nonetheless awaiting phrase from the Federal commerce fee. The FTC requested further information with reference to the deal in June, which led the firms to postpone closing till March. the firms introduced the merger final March and initially anticipated it to close in the course of the second half of 2022. LHC Group could be folded into UnitedHealth Group’s Optum subsidiary.

UnitedHealth Group, LHC Group and the FTC did not immediately reply to interview requests.

medical insurance coverage firms have invested in house well being suppliers as Medicare benefit enrollment grows and carriers look to shift care to extra price-environment nice settings.

CVS well being, guardian agency of the insurer Aetna, introduced in September that it might spend virtually $eight billion to amass Signify well being, a house well being hazard evaluation and doctor enablement agency, and Humana accomplished its acquisition of Kindred at house in 2021.


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