Next Wednesday is the last day that LHC Group will trade on the Nasdaq, suggesting UnitedHealth will complete its acquisition of the home health business prior to market open on Thursday, reports Healthcare Dive.
LHC’s stock will be halted aftermarket on Wednesday, according to a Nasdaq notice. As a result, the merger is tentatively scheduled to close the next morning, subject to pending regulatory approvals.
Speculation that the Federal Trade Commission will move to block the $5.4 billion deal has been rampant, but reports late last month suggest that regulators are unlikely to challenge the transaction.
When and if the deal closes, LHC Group will be embedded into UnitedHealth Group’s subsidiary, Optum.
The Lafayette, Louisiana-based LHC Group is one of the largest home health providers in the country. Its 29,000 employees deliver home health, hospice, facility-based and home- and community-based care to patients in 37 states and the District of Columbia. Read more.
