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Oregon's health authority reviewing UnitedHealth's acquisition of Amedisys

Published 03/19/2024, 06:16 PM
Updated 03/20/2024, 09:32 AM
© Reuters. FILE PHOTO: The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020.  REUTERS/Mike Blake/File Photo
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(Reuters) - Amedisys (NASDAQ:AMED) said on Tuesday Oregon's health authority has started a review of UnitedHealth Group (NYSE:UNH)'s $3.3 billion acquisition of the home health and hospice caregiver.

UnitedHealth had announced the acquisition in June, after competing with Option Care Health (NASDAQ:OPCH).

© Reuters. FILE PHOTO: The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California, U.S., April 13, 2020.  REUTERS/Mike Blake/File Photo

The acquisition was meant to help expand UnitedHealth's presence in home healthcare, a business it bolstered through a $5.4 billion deal to buy Amedisys' rival, LHC Group (NASDAQ:LHCG), last year.

Oregon's notice said it expects to complete the review within 180 days within receipt of a transaction form, which the agency had confirmed in December, according to Amedisys.

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