Amedisys falls amid report divestiture buyer in UnitedHealth deal is gone [Seeking Alpha]
Amedisys Inc (AMED)
Last amedisys inc earnings: 2/18 04:15 pm
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Source: Seeking Alpha
A private equity-backed company that had agreed to buy more than 100 locations has dropped out, according to traders who cited a Capitol Forum report that was circulating on Friday. UnitedHealth ( UNH ) is trying to find another single buyer for the locations. The latest update comes after a report earlier this month that a timing agreement between the companies and the Dept. of Justice had been pushed out i n a sign that the companies may be making progress with the regulator in its review of the transaction. Capitol Forum reported earlier this month that UnitedHealth ( UNH ) offered a sweetened package of divestitures to try to appease the DOJ for its review of the $3.3 billion deal. The companies had agreed to divest more than 100 locations to a private-equity backed buyer. The report said at the time that the DOJ was said to be having discussions with the companies, while also considering suing to block the combination Amedisys ( AMED ) announced in August that it received
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