A $5.4 billion proposed merger between UnitedHealth Group and LHC Group will not consummate as deliberate by the tip yr, LHC Group disclosed to the Securities and Trade Fee Tuesday.
LHC Group, a house well being supplier, didn’t specify why it moved the goal for finishing the deal to March. The 2 corporations didn’t instantly reply to interview requests.
UnitedHealth Group introduced its plan to accumulate LHC this March and incorporate it into its Optum healthcare providers subsidiary.
The Federal Commerce Fee requested extra details about the deal in June, extending by 30 days the size of time corporations should wait earlier than closing the deal if regulators approve it. The FTC, which didn’t reply to an interview request, didn’t disclose on the time why it was scrutinizing the proposed deal.
The 2 corporations licensed their substantial compliance with the FTC’s request on Tuesday, in keeping with LHC Group’s SEC submitting.
The delay comes a month after the Justice Division renewed its problem to UnitedHealth Group’s $13 billion acquisition of know-how firm Change Healthcare. A federal decide denied the company’s try to dam the transaction over antitrust issues in September, and the 2 corporations merged shortly after. New York and Minnesota additionally appealed the courtroom’s choice.