Acquisition

Department of Justice Considers Lawsuit to Halt UnitedHealth’s Acquisition of Amedisys

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WASHINGTON, D.C. – The U.S. Department of Justice (DOJ) is considering initiating a lawsuit to impede the acquisition of Amedisys by Optum, a subsidiary of the UnitedHealth Group, as reported by SeekingAlpha. Shares of Amedisys fell 0.6% upon hearing the news. The agreement for Optum’s acquisition of Amedisys, worth $3.3 billion or $101 per share, was made in June 2023 and is expected to be finalized this year. The DOJ commenced an investigation into potential antitrust issues relating to the Amedisys-Optum deal last summer. However, neither Amedisys nor Optum have faced any accusations of misconduct … Read more

Low-Cost Air Carriers JetBlue and Spirit Airlines End $3.8bn Merger Deal After US Judge Blocks Acquisition

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New York, USA – Low-cost air carriers JetBlue Airways and Spirit Airlines have terminated their $3.8 billion merger agreement, following a previous ruling by a US judge in January that blocked the deal due to anti-competition concerns. The merger, if successful, would have created the United States’ fifth-largest carrier and would have helped Spirit Airlines secure its survival. However, the deal faced obstacles ever since a Boston judge warned that it would harm consumers by reducing competition. JetBlue CEO Joanna Geraghty informed employees through an internal note seen by Reuters that the likelihood of obtaining … Read more

Federal Judge Halts jetBlue’s Acquisition of Spirit Airlines: Key Details Revealed

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San Francisco, California – A federal judge has invalidated a deal that would have allowed jetBlue to acquire Spirit Airlines, causing disruption in the airline industry. The ruling came as a major setback for jetBlue’s expansion plans and has raised concerns about the future of the deal. The case was brought to the court by several parties, including the Department of Justice, who argued that the proposed acquisition would result in reduced competition and higher fares for passengers. The judge agreed with their argument and concluded that the deal would violate antitrust laws. The decision … Read more

Federal Trade Commission Blocks John Muir Health’s $142.5 Million Acquisition of San Ramon Regional Medical Center, Citing Competition Concerns

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San Ramon, California – John Muir Health has abandoned its plans to acquire Tenet Healthcare’s San Ramon Regional Medical Center after the Federal Trade Commission (FTC) filed a lawsuit to block the move, citing concerns about competition in the area. The San Ramon Medical Center, a 123-bed acute care hospital located west of Oakland, sits just 14 miles away from another John Muir Health hospital. Federal regulators argue that the proposed acquisition would “substantially lessen competition for critical healthcare services” along the I-680 corridor, which spans parts of California’s Contra Costa and Alameda Counties. A … Read more