UnitedHealth Group is “tentatively scheduled” to shut 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 selling when the market closes Feb. 22. The corporate will likely be delisted even when the transaction is incomplete as a result of it has not held a shareholder assembly in a yr, which is required to stay on the Nasdaq trade, the corporate acknowledged in a submitting to the Securities and Alternate Fee final month.
UnitedHealth Group and the Lafayette, Louisana-based supplier are nonetheless awaiting phrase from the Federal Commerce Fee. The FTC requested extra info concerning the deal in June, which led the businesses to postpone closing till March. The businesses introduced the merger final March and initially anticipated it to shut throughout the second half of 2022. LHC Group could be folded into UnitedHealth Group’s Optum subsidiary.
UnitedHealth Group, LHC Group and the FTC didn’t instantly reply to interview requests.
Medical health insurance corporations have invested in dwelling well being suppliers as Medicare Benefit enrollment grows and carriers look to shift care to extra cost-efficient settings.
CVS Well being, guardian firm of the insurer Aetna, introduced in September that it will spend almost $8 billion to accumulate Signify Well being, a house well being threat evaluation and doctor enablement firm, and Humana accomplished its acquisition of Kindred at House in 2021.
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