UnitedHealth Group’s path to acquire Change Healthcare was cleared Monday as a federal judge denied the U.S. Department of Justice (DOJ) from blocking the pending transaction.
“The Judge’s decision in the Change Healthcare case may potentially influence the DOJ to consider moderating, at least to some degree, the more aggressive and activist posture it has considered, under the Biden administration, towards health care M&A,” Stephens analyst Scott Fidel wrote in a note. “As a result, in near-term trading, we would anticipate seeing a tightening of the current deal spread on UnitedHealth Group’s pending acquisition of LHC Group, as a direct implication of Judge Nichol’s ruling allowing the Change Healthcare acquisition to move forward.”
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