EDEN PRAIRIE, Minn. (March 29, 2022)—UnitedHealth Group's purchase of LHC Group has gone through, according to a Form 8-K the company filed Feb. 22 with the Securities and Exchange Commission.
UnitedHealth announced in March that it planned to buy LHC for $5.4 billion in a move to offer more integrated care. LHC, the Louisiana-based home health and hospice provider that operates in 37 states and the District of Columbia, now becomes part of Optum Health, UnitedHealth's care delivery and pharmacy benefit manager and health care provider.
"As demand for care in the home increases, this combination will help elevate the health care experience for the people Optum and LHC Group serve, prioritizing quality and seamless coordination that reduces fragmentation and complexity," the company wrote in the form.
The deal was expected to close in 2022, but the Federal Trade Commission requested additional information about the acquisition in June and extended the waiting period.
LHC Group's stock was delisted immediately after the Feb. 22 session.
