The Justice Department on Tuesday sued to block UnitedHealth Group $3.3 billion acquisition of Amedisys alleging the deal would give the health-industry giant too much power over the market for home health and hospice services. The government’s move represents an effort to stem the roll-up of different healthcare services under a single owner. UnitedHealth last year acquired one of Amedisys’s major competitors, LHC Group.
Yahoo! Finance: AMED News
