On August 7, 2025, the U.S. Department of Justice (the “DOJ”) along with the Attorneys General of Maryland, Illinois, New Jersey, and New York (collectively, the “States”) filed a proposed final judgment (the “Proposed Final Judgment”) with the U.S. District Court for the District of Maryland (the “Court”). The Proposed Final Judgment was agreed to by Amedisys, Inc. (“Amedisys”) and UnitedHealth Group Incorporated (“UnitedHealth Group”). The Proposed Final Judgment would, if approved, resolve the DOJ’s and the States’ opposition to the previously announced merger transaction (the “Merger”) contemplated under the Agreement and Plan of Merger, dated June 26, 2023 (as modified by the waiver dated December 26, 2024, the “Merger Agreement”), by and among UnitedHealth Group, Aurora Holdings Merger Sub Inc., a wholly owned subsidiary of UnitedHealth Group, and Amedisys. The Proposed Final Judgment would, if approved, require the parties to, among other things, carry out certain divestitures within 75 days of the Court’s entry of an Asset Preservation/Hold Separate Stipulation and Order or within 60 days of receipt of all necessary merger clearances under Indiana and West Virginia law, whichever is later. The Proposed Final Judgment is subject to judicial approval under the Antitrust Procedures and Penalties Act, 15 U.S.C. § 16, for the limited purpose of determining whether the Proposed Final Judgment is in the public interest. Completion of the Merger remains subject to certain conditions to the closing of the transactions contemplated by the Merger Agreement, as specified therein.
Cautionary Statement Regarding Forward-Looking Statements
This communication may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include projections as to the anticipated benefits of the Merger as well as statements regarding the impact of the Merger on UnitedHealth Group’s and Amedisys’ business and future financial and operating results, the amount and timing of synergies from the Merger and the closing date for the Merger.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations and assumptions regarding the future of Amedisys’ business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Amedisys’ control. Amedisys’ actual results and financial condition may differ materially from those indicated in the forward-looking statements as a result of various factors. These factors include, among other things, (1) the termination of or occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement or the inability to complete the Merger on the anticipated terms or by the end of the Waiver Period (as defined in the waiver dated December 26, 2024), (2) the inability to complete the Merger due to the failure to satisfy all of the conditions to closing in a timely manner or at all, or the risk that a regulatory approval that may be required for the Merger is delayed, is not obtained or is obtained subject to conditions that are not anticipated, (3) the effect of the pendency of the Merger on Amedisys’ ability to maintain relationships with its patients, payers and providers and retain its management and key employees, (4) costs related to the Merger, (5) the diversion of management’s time and attention from ordinary course business operations to completion of the Merger and integration matters, (6) the risk of litigation or regulatory action related to the Merger, including among other things, the lawsuit filed by the DOJ, and (7) the inability to complete contemplated divestitures, due to failure to satisfy all of the conditions to closing in a timely manner or at all. The foregoing review of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included elsewhere. Additional information concerning risks, uncertainties and assumptions can be found in UnitedHealth
