LHC Group shareholders green light acquisition by Optum

LHC Group shareholders gave their approval for the Lafayette, La.-based home health firm to be purchased by UnitedHealth Group's Optum unit, The Advocate reported June 21. 

UnitedHealth Group and LHC first announced the $5.4 billion deal March 29. UnitedHealth Group said at the time the acquisition is expected to close in the second half of this year. 

The Federal Trade Commission is requesting additional information regarding the proposed acquisition, according to Securities and Exchange Commission documents filed June 10. 

The purchase will strengthen UnitedHealth's ability to provide value-based care within a patient's home, the companies said in the March 29 news release. LHC has operations in 37 states and cares for more than 500,000 patients annually.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Top 40 articles from the past 6 months