Hospice News July 2, 2024
The recent divestment of home health locations by Amedisys (NASDAQ: AMED) likely will give the company a smoother course towards closing its acquisition by the UnitedHealth Group (NYSE: UNH) subsidiary Optum.
Last week, Amedisys announced the sale of the locations to the home health and hospice provider VitalCaring for an undisclosed amount, according to a filing with the U.S. Securities and Exchange Commission (SEC). VitalCaring also acquired some Unitedhealth Group (NYSE: UNH) care centers in the deal. Rumors of a potential divestiture began circulating in May.
However, the deal is contingent upon the closure of Optum’s Amedisys transaction, the SEC filing indicated.
“Consummation of the divestiture is contingent on a number of conditions, including the consummation of the previously announced...
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