Posted 2/28/2024, 10:33:35 AM
Justice Department Launches Antitrust Probe into UnitedHealth Group's Business Practices
- U.S. Department of Justice has initiated an antitrust probe into UnitedHealth Group's various business segments including the insurance and Optum units
- Regulators are gathering input from industry representatives about UnitedHealth's presence across healthcare and impact of acquisitions
- Justice Department also investigating UnitedHealth's $3.3B deal to acquire home healthcare company Amedisys
- California hospital system Emanate Health filed private antitrust lawsuit alleging UnitedHealth tried exerting control over doctors
- UnitedHealth stock has Strong Buy analyst consensus rating and $599 average price target, implying 17% upside potential