UnitedHealth Group’s deal for the home health giant LHC Group is set to close. Eventually.
According to a new filing with the U.S. Securities and Exchange Commission, the deal is now expected to be finalized in the first quarter of 2023, Home Health Care News reports.
LHC Group shareholders approved the sale back in June. The $5.4 billion deal was announced in March.
“As previously disclosed, on June 10, 2022, the company and UnitedHealth Group each received a request for additional information and documentary materials from the U.S. Federal Trade Commission (FTC) in connection with the FTC’s review of the merger,” the filing read. “On December 6, 2022, the company and UnitedHealth Group certified to the FTC their substantial compliance with their respective second requests. As a result of the foregoing, the company expects the closing of the transactions contemplated by the merger agreement, including the merger, to occur in the first quarter of 2023.” Read more.
