[Federal Register Volume 90, Number 155 (Thursday, August 14, 2025)]
[Notices]
[Pages 39268-39298]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-15486]



[[Page 39267]]

Vol. 90

Thursday,

No. 155

August 14, 2025

Part II





Department of Justice





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 Antitrust Division





United States, et al. v. UnitedHealth Group Incorporated, et al.; 
Proposed Final Judgment and Competitive Impact Statement; Notice

Federal Register / Vol. 90, No. 155 / Thursday, August 14, 2025 / 
Notices

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DEPARTMENT OF JUSTICE

Antitrust Division


United States, et al. v. UnitedHealth Group Incorporated, et al.; 
Proposed Final Judgment and Competitive Impact Statement

    Notice is hereby given pursuant to the Antitrust Procedures and 
Penalties Act, 15 U.S.C. 16(b)-(h), that a proposed Final Judgment, 
Stipulation, and Competitive Impact Statement have been filed with the 
United States District Court for the District of Maryland in United 
States of America et al. v. UnitedHealth Group Incorporated, et al., 
Civil Action No. 1:24-cv-03267. On November 12, 2024, the United States 
filed a Complaint alleging that UnitedHealth Group Incorporated's 
proposed acquisition of Amedisys, Inc. would violate Section 7 of the 
Clayton Act, 15 U.S.C. 18, and that Amedisys, Inc. violated Section 7A 
of the Clayton Act, 15 U.S.C. 18a. The proposed Final Judgment requires 
UnitedHealth Group Incorporated and Amedisys, Inc. to divest certain 
home health, hospice, and palliative care branches and agencies to 
BrightSpring Health Services, Inc. and The Pennant Group, Inc., and/or 
to another acquirer acceptable to the United States. It additionally 
requires Amedisys to pay a $1.1 million civil penalty for violation of 
the HSR Act and to conduct antitrust compliance training for certain 
Amedisys employees.
    Copies of the Complaint, proposed Final Judgment, and Competitive 
Impact Statement are available for inspection on the Antitrust 
Division's website at http://www.justice.gov/atr and at the Office of 
the Clerk of the United States District Court for the District of 
Maryland. Copies of these materials may be obtained from the Antitrust 
Division upon request and payment of the copying fee set by Department 
of Justice regulations.
    Public comment is invited within 60 days of the date of this 
notice. Such comments, including the name of the submitter, and 
responses thereto, will be posted on the Antitrust Division's website, 
filed with the Court, and, under certain circumstances, published in 
the Federal Register. Comments should be submitted in English and 
directed to Jill C. Maguire, Acting Chief, Healthcare and Consumer 
Products Section, Antitrust Division, Department of Justice, 450 Fifth 
Street NW, Suite 4100, Washington, DC 20530 (email address: [email protected]).

Suzanne Morris,
Deputy Director Civil Enforcement Operations, Antitrust Division.

United States District Court for the District of Maryland

    UNITED STATES OF AMERICA, U.S. Department of Justice, Antitrust 
Division, 450 Fifth Street NW, Suite 4100, Washington, DC 20530, 
STATE OF MARYLAND, 200 St. Paul Place, 19th Floor, Baltimore, MD 
21202, STATE OF ILLINOIS, 115 S LaSalle Street, Floor 23, Chicago, 
IL 60603, STATE OF NEW JERSEY, 124 Halsey Street--5th Floor, Newark, 
NJ 07102, and STATE OF NEW YORK, 28 Liberty Street, New York, NY 
10005, Plaintiffs, v. UNITEDHEALTH GROUP INCORPORATED, 9900 Bren 
Road East, Minnetonka, MN 55343, and AMEDISYS, INC., 3854 American 
Way, Suite A, Baton Rouge, LA 70816, Defendants.

Case No. 1:24-cv-03267
Judge James K. Bredar

Complaint

    1. Millions of older Americans, some of the most vulnerable 
patients in our healthcare system, benefit from receiving skilled 
healthcare in their homes. These patients, who may need extra 
assistance after a recent hospitalization or require help to manage 
chronic conditions like heart failure, diabetes, or lung disease, get 
the chance to recover at home instead of in hospitals or rehabilitation 
facilities. Millions more hospice patients choose to spend their final 
days in the comfort of their own homes. Receiving critical healthcare 
services, emotional support, therapy services, and quality-of-life 
assistance in the familiarity of their homes allows hospice patients to 
live out their last days with dignity as pain-free and peacefully as 
possible.
    2. UnitedHealth Group Incorporated (``UnitedHealth'') and Amedisys, 
Inc. (``Amedisys'') are two of the largest home health and hospice 
service providers in the country. Today, competition between 
UnitedHealth and Amedisys benefits millions of Americans who need home 
health or hospice services. But the proposed merger between 
UnitedHealth and Amedisys would forever eliminate that competition. 
Under the law, the proposed merger is presumptively anticompetitive and 
illegal. The United States and the state Attorneys General of Maryland, 
Illinois, New Jersey, and New York bring this action to preserve 
competition in markets that impact many of the most vulnerable patients 
in America during their most vulnerable moments.
    3. The fact that this merger would extinguish competition at the 
expense of Americans is not a secret. Indeed, both UnitedHealth and 
Amedisys recognize the value that direct competition between the two 
companies provides to patients today. As Amedisys's former CEO and 
current Board Chairman said, the ``pure competition'' between Amedisys 
and UnitedHealth means the two companies ``keep each other honest and 
we keep driving better and better quality. And who benefits from it? 
Our patients.'' Today, UnitedHealth and Amedisys compete vigorously 
against each other across their home health and hospice businesses. 
Amedisys celebrates ``stealing share'' from UnitedHealth and develops 
its strategy with UnitedHealth in mind. For its part, UnitedHealth has 
aspired to ``put a dent in Amedisys.'' Now, by seeking to acquire 
Amedisys, UnitedHealth would expand its home health and hospice 
presence to an additional five states as well as gain nearly 500 
locations across 32 states where it already competes.
    4. Competition between the two companies also benefits the skilled 
nurses who provide home health and hospice services. UnitedHealth and 
Amedisys are each other's ``biggest competition'' for employing nurses 
providing those services. UnitedHealth identifies Amedisys as among its 
``Main 3'' competitors for nurses, targets Amedisys as its ``first line 
of attack'' in recruiting campaigns, and celebrates ``kicking 
[Amedisys's] [*]ss in hiring.'' Nurses who provide home health and 
hospice services receive better wages and other employment terms as a 
result of the direct competition between UnitedHealth and Amedisys.
    5. UnitedHealth's plan to extinguish Amedisys as a competitor is 
the result of an intentional, sustained strategy of acquiring, rather 
than beating, competition. In 2022, UnitedHealth had concluded that 
home healthcare--including home health and hospice services--would 
``grow exponentially as the baby boom ages and as Millennials move into 
older cohorts.'' Recognizing that it could not ``build enough capacity 
internally'' to quickly establish the kind of outsized grip on the 
industry it has amassed elsewhere, in February 2023 UnitedHealth 
acquired LHC Group, Inc. (``LHC''), which was, at the time, the 
nation's third-largest home health provider and a large hospice 
provider. Now under UnitedHealth's umbrella, LHC is the second-largest 
home health provider.
    6. Just months after completing its acquisition of LHC, 
UnitedHealth saw an opportunity to grow even larger. In May 2023, 
Amedisys--the largest home health and hospice company in the country as 
of 2022--agreed to merge

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with infusion provider OptionCare. But the merger between Amedisys and 
OptionCare presented a competitive threat to UnitedHealth's goal to 
``grow exponentially.'' To prevent that from happening, UnitedHealth 
was willing to pay. And pay it did, both through what is commonly known 
as a ``breakup fee'' to OptionCare for terminating its merger with 
Amedisys, and then separately by enticing Amedisys with a $3.3 billion 
merger offer. Even though Amedisys's Chief Financial Officer and Chief 
Operating Officer acknowledged in handwritten notes that the OptionCare 
deal would be better for both employees and patients, Amedisys 
ultimately agreed to be subsumed into UnitedHealth's fold.
    7. The competition at stake with the proposed merger of 
UnitedHealth and Amedisys is significant. Unlike OptionCare, which did 
not compete directly with Amedisys, UnitedHealth and Amedisys are 
direct competitors. If this merger proceeds, the combination of 
UnitedHealth and Amedisys would result in UnitedHealth's control of 30 
percent or more of the home health or hospice services in eight states.
    8. The two companies are such large competitors that their proposed 
merger is presumptively anticompetitive and illegal in hundreds of 
local markets across America, implicating billions of dollars in 
commerce.
    9. The anticompetitive effects of this merger impact patients, as 
well as those who do the hard work of caring for those patients: by 
reducing competition for nursing services. In hundreds of labor markets 
throughout the country, UnitedHealth's acquisition of Amedisys would 
eliminate a competing employer and thereby deprive nurses of valuable 
competition for pay and other employment terms. In short, vulnerable 
patients and valued nurses in each of these local markets would have 
fewer choices for home health and hospice services (or for employment) 
because of the unlawful consolidation of two of the largest competing 
home health and hospice providers--UnitedHealth and Amedisys.
    10. Recognizing the illegal and anticompetitive impact of the 
proposed merger, Defendants propose to divest assets in hundreds of 
separate markets to VitalCaring Group (``VitalCaring'').
    11. The proposed divestiture, however, will not eliminate the 
threat to competition presented by the merger. VitalCaring will not 
replace the competitive intensity lost by the merger. The company has 
operated for only three years, and the hodgepodge of assets that it 
would acquire would nearly double VitalCaring's size immediately. Not 
only does VitalCaring's quality lag behind both UnitedHealth and 
Amedisys, but several of VitalCaring's previously acquired assets saw 
quality decrease post-acquisition. VitalCaring's private equity 
investors have significantly written down their valuations of the 
company due to its poor financial performance.
    12. Worse still, VitalCaring faces a lawsuit in Delaware Chancery 
Court seeking nearly half-a-billion dollars stemming from its current 
CEO's alleged breaches of contractual and fiduciary duties while 
leading a rival home health and hospice provider, Encompass Home Health 
(``Encompass''). In a related action, a Texas state court held that 
while CEO of Encompass, VitalCaring's current CEO ran VitalCaring 
``from the shadows,'' and in violation of her contractual duties to 
Encompass.
    13. Even if VitalCaring were an adequate buyer, the divestiture 
does not resolve the competitive overlap in over 100 home health and 
hospice markets across 19 states and the District of Columbia, 
accounting for well in excess of $1 billion in total commerce. Nor does 
the divestiture address the harm to thousands of home health and 
hospice nurses in labor markets across 18 states. And the divestiture 
creates a new presumptively anticompetitive and illegal overlap around 
Biloxi and Gulfport, Mississippi.
    14. In December 2023, as part of the proposed acquisition, Amedisys 
chose to certify that its submission complied with the Hart-Scott-
Rodino Antitrust Improvements Act of 1976 (``HSR Act''). The production 
was not complete and did not include a statement identifying what was 
missing, as required by statute. Despite knowing about the infirmities 
of its production and the inaccuracy of its certification, Amedisys 
only attempted to rectify the issue months later, after the United 
States discovered the issues and notified the company of the multiple 
problems with its HSR Act compliance.
    15. Beyond the markets at issue here, this merger would also affect 
American healthcare more broadly. If UnitedHealth succeeds in buying 
one of its most significant competitors in these presumptively 
anticompetitive markets, the nation's three largest home health 
providers would be owned by the nation's two largest Medicare Advantage 
insurers--UnitedHealth, through LHC and Amedisys, and Humana, through 
Kindred (which Humana purchased in 2021). This merger would also 
further consolidate UnitedHealth's standing as the dominant force in 
nearly every corner of the American healthcare system. Over the past 
three years, UnitedHealth has spent more than $36 billion acquiring 
companies in a variety of healthcare settings, turning itself into the 
largest commercial health insurer in the United States; the largest 
employer of physicians; the second-largest pharmacy benefit manager; 
and one of the largest healthcare technology and service vendors.
    16. UnitedHealth's acquisition of Amedisys would ensure that 
UnitedHealth, not competition, would determine outcomes for patients in 
home health and hospice and for the nurses that provide those services 
in hundreds of local markets across the country.
    17. The vulnerable patients who receive vital home health and 
hospice services, as well as the nurses who provide those services, 
deserve the benefits of competition between UnitedHealth and Amedisys. 
Patients and nurses should not bear the risk of harm from the proposed 
merger. Nor should they have to accept the gamble that an unproven and 
struggling divestiture partner can replace the competition that the 
merger would eliminate.
    18. For these reasons, and those detailed below, UnitedHealth's 
proposed acquisition of Amedisys threatens to substantially lessen 
competition in local home health, hospice, and nurse labor markets 
throughout the country. As a result, the United States and the 
Attorneys General of Maryland, Illinois, New Jersey, and New York 
respectfully request that the Court enjoin the merger pursuant to 
Section 7 of the Clayton Act, 15 U.S.C. 18. The United States also 
respectfully requests that the Court impose civil penalties on Amedisys 
for its failure to comply with the HSR Act.

I. Home Health and Hospice Provide Critical Care to Vulnerable Patients

    19. Home health and hospice services allow millions of vulnerable 
Americans to rehabilitate, manage chronic conditions, or cope with the 
end of their lives where they are most comfortable--at home.
    20. Home health patients often need extra assistance after a recent 
hospitalization or are managing chronic conditions like heart failure, 
diabetes, lung disease, or dementia. Unsurprisingly, they often prefer 
to receive skilled nursing and therapy services in the comfort of their 
homes rather than in rehabilitation hospitals or nursing homes. 
Receiving care at home from skilled nurses and other healthcare 
professionals helps home health patients regain independence and enjoy 
the simple pleasures of life--``to walk

[[Page 39270]]

outside, check the mail or pick up and hold their grandchild.''
    21. Hospice services allow patients, usually seniors, who face 
terminal conditions such as cancer, heart failure, or lung disease, to 
enjoy the last days of their lives primarily in their own homes. 
Receiving nursing care, emotional support, therapy, and quality-of-life 
assistance in the familiarity of their homes allows hospice patients to 
spend their last days as pain-free and peacefully as possible. Hospice 
providers offer a wide range of services to support the physical, 
psychosocial, spiritual, and emotional needs of terminally ill patients 
and their family members. Hospice care is provided by interdisciplinary 
teams of doctors, nurses, therapists, aides, chaplains, counselors, 
social workers, and volunteers.
    22. Because these services are typically offered to patients in 
their homes, home health and hospice are fundamentally local 
businesses. Patients generally seek care from home health and hospice 
agencies that operate in the area around a patient's home. State laws 
and regulations often limit the areas in which home health and hospice 
providers can offer services. And providers, like UnitedHealth and 
Amedisys, tailor services to meet the needs of local populations and 
employ nurses who are within commuting distance of the patients they 
serve.
    23. Patients can receive home health services while enrolled either 
in traditional Medicare or Medicare Advantage. Traditional Medicare is 
a program administered by the Centers for Medicare and Medicaid 
Services (``CMS'') for people aged 65 years or older, or people younger 
than 65 if they have a disability or specified diseases. By contrast, 
Medicare Advantage is a program administered by private insurance plans 
that is an alternative to traditional Medicare. Approximately half of 
Medicare-eligible patients use Medicare Advantage. Both CMS, which 
directly pays for services provided to patients enrolled in traditional 
Medicare, and Medicare Advantage insurers prefer that eligible patients 
use home health services for post-acute care because doing so is 
significantly less expensive than receiving similar care provided in 
hospitals, rehabilitation centers, or skilled nursing facilities.
    24. With respect to hospice, traditional Medicare pays for nearly 
all hospice services provided in the United States, including for 
seniors who are otherwise covered by Medicare Advantage. Under 
Medicare, patients become eligible for hospice coverage once a doctor 
certifies that a patient has less than six months left to live, and the 
patient has chosen to stop any care that aims to cure their underlying 
disease or illness. This requirement distinguishes hospice from nearly 
all other healthcare services, which are curative and therefore not 
substitutes for hospice.
    25. Home health and hospice services rely on the ability and 
expertise of skilled nurses, among other specialists, to provide 
effective, high-quality, and personalized care. Home health and hospice 
nurses develop close and meaningful relationships with patients, which 
many nurses find particularly fulfilling. These nurses spend hours with 
patients in their homes to provide care and comfort, which can 
influence patients' recovery and satisfaction with care. Thus, patients 
benefit when home health and hospice providers attract high quality, 
compassionate nurses who can help improve patients' condition or care 
for them in their final days.
    26. Within home health and hospice, Medicare regulations and state 
licensure laws distinguish between two different types of nurses: 
registered nurses (``RNs'') and licensed practical nurses or licensed 
vocational nurses (``LPN/LVNs'').\1\ As providers of basic medical 
care, LPN/LVNs are restricted in their scope of duties; they cannot 
perform initial assessments of patients or work without supervision. By 
contrast, home health and hospice RNs can perform more advanced 
clinical duties; they conduct specific types of visits, coordinate 
care, and supervise other members of a patient's care team, including 
LPN/LVNs.
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    \1\ Licensed practical nurses and licensed vocational nurses 
have the same responsibilities, educational preparation, roles, and 
skill sets, but the name of the position varies between states.
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    27. Home health and hospice nursing differ substantially from other 
types of nursing. Many home health and hospice nurses prefer to remain 
in home health and hospice rather than move to a different specialty. 
Compared to many other types of nursing, home health and hospice 
typically involve fewer and more flexible hours and greater 
independence, especially compared to the rigid shifts often required in 
hospitals. Further, home health and hospice nurses may find their work 
less hectic than treating acute-care patients in hospitals. And hospice 
nurses, unlike those in other specialties (including home health), 
focus on the care, comfort, and quality of life of terminal patients 
instead of curing these patients. In so doing, they bring compassion to 
the emotionally taxing circumstances of working with terminally ill 
patients. Many hospice nurses feel a specific ``calling'' to the field. 
Hospice nursing is ``a hard role to fill,'' given that the job is 
``fundamentally helping people die.''
    28. Nursing positions in hospitals differ substantially from home 
health and hospice nursing positions. Hospital nurses work at a fixed 
location and work side-by-side with doctors and other nurses to provide 
round-the-clock care; conversely, home health and hospice nurses travel 
to patients' homes and largely work alone. In the fast-paced and often 
unpredictable hospital environment, acute-care nurses tend to numerous, 
very sick patients whose conditions can quickly deteriorate, whereas 
home health and hospice nurses visit patients who are stable enough to 
be at home. RNs in hospitals also tend to earn significantly more than 
RNs working in home health and hospice.

II. UnitedHealth and Amedisys Compete Vigorously To Provide Home Health 
and Hospice Services

A. UnitedHealth and Amedisys Are Two of the Three Largest Home Health 
and Hospice Providers in the United States

    29. UnitedHealth is a vertically integrated healthcare behemoth and 
the fifth-largest company in the United States, with revenues of $372 
billion in 2023. By 2022, it concluded that home healthcare--including 
home health and hospice--would ``grow exponentially as the baby boom 
ages and as Millennials move into older cohorts,'' and thus folded LHC 
into its Optum Health business after acquiring LHC in February 2023. 
LHC itself grew by rolling up rival home health and hospice providers, 
acquiring 44 home health or hospice companies across more than 20 
states from 2020 to 2023. Through LHC, UnitedHealth now operates over 
530 home health locations and over 120 hospice locations, and employs 
more than 5,000 nurses who provide home health and hospice services. In 
2022, LHC collected around $2.3 billion in revenue, making about 12 
million visits annually to patients in 37 states and the District of 
Columbia.
    30. As of 2023, Amedisys is the third-largest provider of both home 
health and hospice services in the United States. In 2023, Amedisys 
earned $2.2 billion in revenue and provided 10.6 million visits to 
patients in 37 states and the District of Columbia. Like UnitedHealth, 
Amedisys has grown through acquisitions, having spent more than $1 
billion on acquisitions since 2019. Currently, Amedisys operates over 
340 home health locations and over 160 hospice locations, and employs 
over

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3,600 nurses who provide home health and hospice services.

B. UnitedHealth and Amedisys Are Significant Competitors in Home Health 
and Hospice Services

    31. As two of the largest home health providers, UnitedHealth and 
Amedisys compete head-to-head in many local markets. Before 
UnitedHealth's acquisition of LHC, Amedisys's former CEO remarked that 
LHC was ``defined by [Amedisys] and will have to keep up with 
[Amedisys].'' Amedisys strategizes to ``tak[e] share'' and ``steal'' 
share from UnitedHealth in local markets, even monitoring UnitedHealth/
LHC's expansion following acquisitions.\2\ After UnitedHealth announced 
its acquisition of LHC in 2023, Amedisys's senior executives told 
investors that this purchase gave Amedisys a chance to steal share from 
LHC in overlapping markets. Likewise, UnitedHealth competes to ``stand 
out from'' and ``put a dent in'' Amedisys. UnitedHealth/LHC found it 
``very frustrating'' that Amedisys had ``gain[ed] on us'' in local 
markets and lamented ``being second choice'' to Amedisys.
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    \2\ For clarity, ``UnitedHealth/LHC'' is used only in the 
context of actions taken by LHC before being acquired by 
UnitedHealth. After that acquisition, LHC is another subsidiary in 
UnitedHealth's holdings, and is accordingly encompassed in the 
definition of ``UnitedHealth.''
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    32. UnitedHealth and Amedisys consistently identify each other as 
significant home health competitors. They carefully monitor each 
other's initiatives and performance in home health, and UnitedHealth 
relishes opportunities to make ``competitive move[s] to block 
Amedisys.''
    33. UnitedHealth and Amedisys acknowledge that they also compete 
directly in local markets to provide hospice services. They monitor 
each other's earnings calls and financial performance for information 
about each other's hospice businesses. UnitedHealth notes when 
Amedisys's hospice business is ``kicking [UnitedHealth's] teeth in'' 
and when its hospice earnings lag behind those of Amedisys. 
UnitedHealth also monitors Amedisys's hospice acquisitions and, in one 
instance, expressed concern about Amedisys purchasing a hospice agency 
because ``Amedisys does a lot of things that we do not do--if they get 
a foothold in [the] county, they will likely push us out.'' Amedisys 
similarly tracks UnitedHealth on numerous metrics, including 
UnitedHealth's hospice admissions and service offerings.

C. UnitedHealth and Amedisys Compete on Quality and Service Offerings 
in Home Health and Hospice

    34. To win patients, home health and hospice providers distinguish 
themselves on numerous factors, including quality of care and service 
offered to patients. Although efforts to increase or maintain quality 
and service are costly, higher quality and better service allow 
UnitedHealth and Amedisys to attract patients directly and to appeal to 
healthcare providers for patient referrals. As the CEO of 
UnitedHealth's LHC acknowledged, quality is ``critically important'' in 
these industries: ``everything is kind of focused and geared towards 
ensuring we're the highest quality provider[] generating the best 
outcomes that we can.''
    35. Home health and hospice providers, including UnitedHealth and 
Amedisys, receive most of their patients through referrals from other 
healthcare providers, such as hospitals, physician practices, and 
skilled nursing facilities. These referral sources identify which 
patients in their care need home health or hospice services and often 
provide information to patients and their families to help them select 
a provider. UnitedHealth and Amedisys compete head-to-head for 
referrals, tracking each other's strategies and responding to each 
other's strategic decisions with the goal of stealing share. For home 
health services, companies with more capacity can get more referrals 
(and thus more share) because they can accept more patients. 
Accordingly, their significant capacity differentiates UnitedHealth and 
Amedisys from smaller companies with less capacity. Indeed, in the 
words of Amedisys's former CEO and current chairman, ``[t]he winners in 
our world will be those companies that have the capacity to fulfill the 
demand.''
    36. In home health, UnitedHealth and Amedisys compete on a variety 
of quality dimensions, including delivering better clinical outcomes 
and lower readmission rates to hospitals and skilled nursing 
facilities. One quality metric considered by patients and by referral 
sources when guiding patients are CMS's ``star ratings,'' comprised of 
CMS-published reports summarizing how individual home health agencies 
perform on various measures in aggregated fashion. CMS also makes star 
ratings available on its ``Care Compare'' website, which patients can 
consult when researching home health providers in their local area. 
Both UnitedHealth and Amedisys compete against one another for higher 
star ratings. As Amedisys's former CEO and current Board Chairman 
explained, high star ratings equate to a ``[r]eferrals increase'' and 
improvements in ``[v]olume and revenues,'' since patients ``flock[] to 
care centers with higher Medicare Star Ratings.''
    37. CMS quality metrics are also a dimension of competition in 
hospice. CMS tracks individual hospice provider locations on a variety 
of metrics representing hospice quality. These quality metrics cover 
processes at the time of admission, care processes during the hospice 
period, and the quantity of care provided in a patient's last few days. 
CMS also surveys the family caregivers of patients who died while under 
hospice care. This survey is used to create hospice-specific star 
ratings, which have been published along with other hospice quality 
measures on CMS's Care Compare website since August 2022.
    38. In both home health and hospice, UnitedHealth and Amedisys 
compete to obtain high quality scores from CMS. As a result, the two 
companies constantly compare their quality scores and compete for 
improved scores, celebrating when their respective numbers increase and 
the other's do not. When Amedisys has higher scores on CMS measures, 
UnitedHealth endeavors to raise its own scores in response, and 
UnitedHealth's sales representatives tout higher CMS quality scores as 
a differentiator from other providers, including Amedisys. For its 
part, Amedisys arms its sales representatives with its CMS quality 
scores emblazoned on customized marketing materials.
    39. In addition to competing on quality metrics, UnitedHealth and 
Amedisys laud their ability to admit home health patients quickly, a 
fact valuable to both patients and referral sources. Defendants also 
offer specialty home health programs tailored to specific patients. For 
example, Defendants develop programs aimed at managing specific 
conditions, such as heart failure or respiratory disease, and deploy 
them in local areas where those conditions are prevalent. Further, they 
compete by offering patients more touchpoints with clinicians outside 
of in-home visits, such as having their staff call patients to follow 
up. These efforts can meet additional patient needs and drive better 
patient outcomes, manifesting, for instance, in lower hospital 
readmission rates. Many of Defendants' smaller, local competitors lack 
the resources to invest in larger workforces and programs, such as 
local quality improvement coordinators, that create these advantages.
    40. Similarly, in hospice, Defendants strive to admit patients 
quickly and

[[Page 39272]]

offer specialty programs tailored to specific hospice patients--such as 
veterans or those suffering from dementia, heart failure, or pulmonary 
conditions, as well as therapies and services not covered by the 
Medicare hospice benefit. They also compete by offering palliative 
care, which focuses on relieving the symptoms of serious illness. 
Palliative care can be a gateway for patients who may need hospice in 
the near future and is another way that UnitedHealth and Amedisys 
generate hospice referrals. UnitedHealth considers adding palliative 
care programs--which are generally not profitable standing alone--in 
locations where it would help its local hospice provider compete and 
considers palliative care a ``HUGE differentiator'' for its hospice 
business. As with home health services, UnitedHealth and Amedisys can 
invest in these types of hospice-specific programs to a degree that 
their smaller competitors typically cannot match. UnitedHealth and 
Amedisys Compete on Price and Quality to Provide Home Health Services 
to Medicare Advantage Insurers.
    41. Home health providers like UnitedHealth and Amedisys also 
compete on price and quality to be in-network with third-party Medicare 
Advantage plans. CMS pays private insurers a set amount for each member 
enrolled in the insurer's Medicare Advantage plan. In turn, the plans 
want to increase profits, improve benefits for their members, and offer 
low premiums, which they can do by controlling the costs of third-party 
medical providers such as home health agencies. Medicare Advantage 
insurers must include coverage for home health services in their 
insurance offerings.
    42. To reduce the costs of these services, Medicare Advantage 
insurers seek out favorable rates and terms when contracting with home 
health providers to deliver services across the local areas where their 
members reside. Medicare Advantage insurers' members pay less for in-
network home health services than for out-of-network services; as a 
result, in-network home health providers are likely to attract more 
members from an insurer than are out-of-network providers. These 
dynamics drive home health providers, including UnitedHealth and 
Amedisys, to compete by offering lower rates and better terms to third-
party Medicare Advantage insurers for inclusion in insurers' networks. 
Amedisys, for example, acknowledges that rates with Medicare Advantage 
plans are ``driven down by price competition.'' UnitedHealth's 
insurance arm acts accordingly, as it has attempted to resist rate 
increases from Amedisys for UnitedHealth's own insurance plans by 
``cit[ing] that [Amedisys's] rates are in line with another national 
provider with a similar footprint (most likely LHC Group).''

D. UnitedHealth and Amedisys Compete To Hire and Retain Home Health and 
Hospice Nurses, Including Those With Experience in These Fields

    43. Today, Defendants employ thousands of home health and hospice 
nurses and compete intensely to hire and retain them. Both companies 
must continuously hire new nurses to expand their presence and to 
replace nurses who leave. Home health and hospice nurses can play 
UnitedHealth and Amedisys off each other during hiring negotiations, 
resulting in higher pay or better conditions of employment.
    44. UnitedHealth and Amedisys consider each other close, 
substantial competitors in recruiting home health and hospice nurses. 
UnitedHealth/LHC identified Amedisys as one of its ``[m]ain 3'' 
competitors to assess when preparing a report on the value proposition 
for its home health and hospice employees. UnitedHealth also compares 
itself to Amedisys on other facets, including working culture, 
diversity and inclusion, application process, and Glassdoor ratings. 
Likewise, Amedisys ``compare[s] recruiting strategies with close 
competitors,'' including UnitedHealth.
    45. As direct competitors, UnitedHealth and Amedisys try to recruit 
each other's nurses. For example, UnitedHealth/LHC developed a 
recruitment plan to target Amedisys's home health and hospice nurses in 
the Northeast and Midwest. UnitedHealth and Amedisys have also tried to 
poach each other's nurses following acquisitions, leadership changes, 
and other major company events. For instance, a UnitedHealth/LHC Vice 
President of Clinical Support worried, ``[w]ell I can[']t have 
[Amedisys] competing with my team . . . I have 40 more people to hire 
and I don't want Amed[isys] to take them!'' Conversely, after 
UnitedHealth announced its acquisition of LHC, Amedisys believed that 
LHC's impending ownership by UnitedHealth created the ``potential 
opportunity to grab LHC employees as a result of their acquisition'' 
and sent out a mass email to all LHC employees it had on record 
``targeting them in all [of Amedisys's] activities!!''
    46. In response to this competition for nurses, UnitedHealth and 
Amedisys have increased compensation. For example, UnitedHealth 
retained a nurse who planned to leave for Amedisys by offering her a 
``market match'' to increase her pay. Similarly, Amedisys increased its 
sign-on bonus for a nurse position in Lafayette, Louisiana, after 
hearing that UnitedHealth was offering a higher bonus, and in 
Chattanooga, Tennessee, Amedisys offered a $10,000 retention bonus to 
keep a home health nurse in Amedisys's ``endless battle with LHC'' for 
the highest quality nurses.
    47. To ensure their benefit offerings remain competitive, 
UnitedHealth and Amedisys each track the benefits that the other offers 
its home health and hospice nurses. UnitedHealth compares its health 
insurance premiums to Amedisys's to provide ``a competitive benefits 
package for [its] employees,'' and tracks Amedisys's provision of fleet 
cars--a highly desirable benefit for some home health and hospice 
nurses, who travel frequently as part of their job. In turn, Amedisys 
compares its full suite of benefits--including health insurance, 
disability insurance, paid leave, and 401(k) matches--to UnitedHealth's 
when setting its benefits package.

III. The Proposed Acquisition Threatens To Subtantially Lessen 
Competition for Home Health, Hospice, and Nurse Employment

    48. UnitedHealth's proposed acquisition of Amedisys would be the 
largest and most significant instance of a trend towards concentration 
in the home health and hospice markets. This proposed acquisition, on 
its own terms, threatens to substantially lessen competition in 
hundreds of local markets for home health or hospice services across 
the country. It would eliminate the fierce head-to-head competition 
between UnitedHealth and Amedisys that has improved home health and 
hospice quality and service, helped control home health costs for 
Medicare Advantage plans, and enhanced compensation and other 
employment terms for the nurses critical to providing care in these 
markets.
    49. The proposed acquisition would eliminate the benefits of 
competition between UnitedHealth and Amedisys. Quality and service 
would likely either deteriorate or improve more slowly without that 
competition. UnitedHealth's competitors, many of whom lack the quality, 
capacity, or resources to compete with UnitedHealth as robustly as 
Amedisys can, are unable to replace that lost competition. Further, 
given the high demand for home health services, there are many local 
areas in which smaller home health providers frequently cannot accept 
new patients. In these capacity-constrained markets, patients in the 
local area cannot be placed into home health, and insurers

[[Page 39273]]

may struggle to control their costs. Combining UnitedHealth and 
Amedisys--two of the three largest home health providers with 
substantial capacity to accept new patients and provide high-quality 
care--would give UnitedHealth significant and additional bargaining 
leverage with third-party Medicare Advantage insurers and enable 
UnitedHealth to command higher reimbursement rates.
    50. So, too, the acquisition threatens to substantially lessen 
competition in the employment prospects, compensation, and other 
employment terms for home health nurses and hospice nurses. Today, 
these nurses benefit from direct competition between UnitedHealth and 
Amedisys to employ them; the complete loss of that competition that 
would inevitably follow this merger would harm them as well. 
Experienced home health and hospice nurses, many of whom prefer the 
unique attributes of home health and hospice nursing, would likely be 
directly and negatively impacted by the diminished labor-market 
competition between Defendants.
    51. In addition to the elimination of beneficial head-to-head 
competition, in hundreds of local markets for home health services, 
hospice services, and nursing employment, UnitedHealth's post-merger 
market share and concentration levels would be so high that the 
proposed merger is presumptively anticompetitive and illegal.

A. Relevant Markets for Home Health Services

1. Home Health Is a Relevant Service Market
    52. Home health services is a relevant service market, and the sale 
of those services to Medicare Advantage plans is also a relevant 
service market. In Medicare Advantage markets, insurers negotiate on 
price with home health providers, unlike in traditional Medicare 
markets, where CMS sets compensation rates for home health providers.
    53. Most patients who can receive home health services prefer to do 
so rather than remain in an inpatient facility. As well, both CMS and 
Medicare Advantage insurers recognize that, in addition to satisfying 
patient demand, home health services are cost effective relative to 
inpatient or post-acute care received in a facility. UnitedHealth, 
Amedisys, and other industry participants treat home health services as 
distinct from other healthcare services when organizing and reporting 
on their businesses, and CMS has distinct criteria, often mirrored by 
Medicare Advantage insurers, that providers and patients must meet to 
offer or receive home health services.
    54. Home health services are used predominantly by patients who are 
insured by Medicare, either through traditional Medicare or Medicare 
Advantage plans. For traditional Medicare, home health providers are 
reimbursed for services provided to patients at non-negotiable rates 
set by statute and by regulations promulgated by CMS. In contrast to 
traditional Medicare, Medicare Advantage insurers negotiate with home 
health providers on rates and terms. Unlike traditional Medicare, 
patients covered by Medicare Advantage, who often have lower than 
average incomes, may receive a more limited number of home health 
visits, owe a co-pay or co-insurance for home health services, and can 
be restricted to home health providers in their insurer's network. 
These practical indicia and market realities establish that home health 
services is a relevant services market.
    55. Home health services satisfy the well-accepted ``hypothetical 
monopolist'' test set forth in the DOJ and Federal Trade Commission's 
(``FTC'') Merger Guidelines.\3\ The hypothetical monopolist test helps 
determine if a group of products or services is sufficiently broad to 
be a properly defined antitrust market. If a single firm (i.e., a 
hypothetical monopolist) that controlled all sellers of a set of 
products or services would impose a small but significant and non-
transitory increase in price (``SSNIP'') or other worsening of terms 
(``SSNIPT'') without losing sufficient customers to make the SSNIP or 
SSNIPT unprofitable, then that group of products or services is a 
properly defined antitrust product or service market.
---------------------------------------------------------------------------

    \3\ Dep't of Justice & Fed. Trade Comm'n, Merger Guidelines 
(2023), available at https://www.justice.gov/atr/merger-guidelines.
---------------------------------------------------------------------------

    56. Home health services satisfy the hypothetical monopolist test. 
Patients would not substitute to other healthcare services (for 
example, receiving post-acute care in a hospital) to deter a 
hypothetical monopolist of home health services from imposing a SSNIPT.
    57. Similarly, home health services sold to Medicare Advantage 
insurers satisfy the hypothetical monopolist test. Medicare Advantage 
insurers and their members would not substitute to other healthcare 
services in sufficient numbers to deter a hypothetical monopolist of 
home health services from imposing a SSNIP or SSNIPT.\4\
---------------------------------------------------------------------------

    \4\ In the alternative, even if home health services provided to 
traditional Medicare patients were analyzed as a separate relevant 
service market, the proposed acquisition is unlawful.
---------------------------------------------------------------------------

2. Local Areas Where Patients Are Treated Constitute Relevant 
Geographic Markets for Home Health Services
    58. Home health patients receive care in their homes from 
professionals who travel to them. In turn, those professionals 
typically travel within areas that are a reasonable commute to the home 
health patients that they serve and the offices of the agencies that 
employ them. So, patients seeking home health services can only 
practicably turn to agencies who have offices and offer services where 
those patients live. Medicare Advantage insurers--who market and sell 
their insurance plans at the county level--require in-network home 
health agencies in the local areas where their members live. Moreover, 
in many areas, laws and regulations, such as certificate of need laws, 
limit the geographic area that a home health provider can serve. As a 
result, competition to serve patients primarily occurs locally.
    59. Localized markets where UnitedHealth or Amedisys treat home 
health patients are relevant geographic markets in which to assess the 
competitive effects of the proposed acquisition. A hypothetical 
monopolist of home health services in each localized geography would 
profitably impose a SSNIPT (for example, provide fewer services) or, 
for Medicare Advantage plans, either a SSNIP (for example, higher 
rates) or a SSNIPT.
3. The Proposed Acquisition Is Presumptively Anticompetitive and 
Illegal in Hundreds of Home Health Markets
    60. Under controlling law, the merger would increase concentration 
enough to render it presumptively anticompetitive and illegal. See 
United States v. Phila. Nat'l Bank, 374 U.S. 321, 362-64 (1963); Merger 
Guidelines, Sec.  5.3. The proposed acquisition would result in a 
presumptively unlawful increase in concentration in hundreds of local 
home health markets, and local markets for home health services sold to 
Medicare Advantage plans, in at least 23 states and the District of 
Columbia. Appendix A is a non-exhaustive list of Defendants' home 
health locations in markets that, after the proposed merger, would 
become highly concentrated and in which anticompetitive effects can 
therefore be presumed. The proposed merger is presumptively unlawful in 
all

[[Page 39274]]

of these markets. In some of these local markets, Defendants' post-
merger share would reach monopoly levels. For example, in Maryland's 
Eastern Shore, UnitedHealth would control more than 75% of home health 
services provided to traditional Medicare and Medicare Advantage 
patients. Under any plausible geographic market definition, the volume 
of commerce in presumptively unlawful home health markets is at least 
$1.6 billion annually.

B. Relevant Markets for Hospice Services

1. Hospice Services Provided to Medicare Beneficiaries Is a Relevant 
Service Market
    61. Traditional Medicare covers the vast majority of hospice 
services in the United States. For hospice providers to be reimbursed 
by traditional Medicare, their services must satisfy distinct CMS 
regulations unique to hospice. Defendants and other industry 
participants regard hospice services as distinct from other healthcare 
services in how they organize and report on their businesses. These 
practical indicia and market realities establish that hospice services 
provided to Medicare patients is a relevant service market.
    62. A hypothetical monopolist of hospice services provided to 
traditional Medicare patients would likely impose a SSNIPT without 
losing sales sufficient to make its worsened terms, including decreased 
quality or service, unprofitable. In the face of a SSNIPT, traditional 
Medicare patients would continue to require hospice services, and 
patients would not shift to services other than hospice in sufficient 
numbers to make the SSNIPT unprofitable.

2. Local Areas Where Patients Are Treated Constitute Relevant 
Geographic Markets for Hospice Services
    63. Hospice patients typically receive care in their homes from 
caregivers who travel to them. And, in turn, those hospice caregivers 
typically travel within areas that are a reasonable commute to the 
hospice patients that they serve and the offices of the agencies that 
employ them. So, patients seeking hospice care can only practicably 
turn to agencies who have offices and offer services where those 
patients live. As with home health, in many areas, certificate of need 
laws, other laws, or regulations limit the geographic area that a 
hospice provider can serve. Hospice competition therefore primarily 
occurs locally.
    64. Localized markets where UnitedHealth or Amedisys treat hospice 
patients are relevant geographic markets in which to assess the 
competitive effects of the proposed acquisition. A hypothetical 
monopolist of all hospice services provided to traditional Medicare 
patients in each localized market would profitably impose a SSNIPT.
3. The Proposed Acquisition Is Presumptively Anticompetitive and 
Illegal in Dozens of Hospice Markets
    65. The proposed acquisition would result in a presumptively 
unlawful increase in concentration in dozens of hospice markets in at 
least eight states. Appendix B is a non-exhaustive list of Defendants' 
hospice locations in markets that, after the proposed merger, would 
become highly concentrated and in which anticompetitive effects can 
therefore be presumed. The merger is presumptively unlawful in all of 
these markets.
    66. As with home health, UnitedHealth's acquisition of Amedisys 
would result in near-monopoly shares in some local markets. In the area 
of Parkersburg, West Virginia, for example, after the transaction, 
UnitedHealth would control more than 90% of hospice services provided 
to traditional Medicare patients. Under any plausible geographic market 
definition, the volume of commerce in presumptively unlawful hospice 
markets is at least $300 million annually.

C. Relevant Markets for the Labor of Home Health and Hospice Nurses

1. Home Health and Hospice Nurses Are Relevant Labor Markets
    67. RNs and LPN/LVNs working in home health are each a relevant 
labor market. RNs working in hospice constitute a separate relevant 
labor market. The characteristics of home health and hospice work 
distinguish the nurses who work in these markets from one another, as 
well as from nurses who work in other healthcare settings. Home health 
and hospice nursing each involve providing different services to treat 
different patients in their homes and offer different compensation and 
working conditions from each other and from other nursing 
opportunities. Both nurses and employers recognize that home health and 
hospice nursing have different characteristics from nursing services 
provided in other settings. These practical indicia and market 
realities establish that both employment for home health nurses and 
hospice nurses are each relevant labor markets.
    68. A hypothetical monopsonist employer (i.e., a monopolist 
purchaser of labor) of either home health or hospice nurses would be 
able to impose a SSNIPT in the form of lower wages, worse benefits or 
other employment terms, or worse working conditions. Not enough home 
health or hospice nurses would shift to alternative forms of nursing to 
make a SSNIPT unprofitable.
2. The Relevant Geographic Markets for Nurse Labor Are Local
    69. Nurses who work in home health or hospice settings commute to 
multiple patients each day and to the offices of the agencies that 
employ them. Thus, the areas where they offer services must be within a 
reasonable distance of their homes. This means that home health and 
hospice nurses can only practicably turn to alternative employers who 
have offices and serve patients residing within a reasonable commuting 
distance. As a result, the relevant geographic markets for home health 
and hospice nurse labor are the county or set of counties where a 
predominant number of nurses reside who are willing to commute to the 
patients of UnitedHealth or Amedisys for their home health or hospice 
locations. A hypothetical monopsonist in each of the local markets for 
home health and hospice nurses would profitably impose a SSNIPT. In 
response to a SSNIPT, home health and hospice nurses are unlikely to 
relocate themselves (and potentially their families) outside of their 
local area to work for another home health or hospice provider or to 
leave either home health or hospice employment.
3. The Transaction Is Presumptively Anticompetitive and Illegal in 
Hundreds of Labor Markets
    70. The proposed acquisition would result in a presumptively 
unlawful increase in concentration in hundreds of local labor markets 
in at least 24 states. Appendix C is a non-exhaustive list of 
Defendants' locations in markets in which the transaction would result 
in a significantly increased concentration for the employment of home 
health and hospice nurses. In each of these markets, UnitedHealth's 
proposed acquisition of Amedisys is presumptively unlawful. 
UnitedHealth's acquisition of Amedisys would cause the combined firm to 
have near total monopsony shares in several markets. For example, in 
Maryland's Eastern Shore, after the transaction, UnitedHealth would 
employ more than 70% of both home health RNs and LPN/LVNs. Under any 
plausible geographic market definition, the presumptively unlawful 
labor markets would impact at least 8,000 nurses.

[[Page 39275]]

IV. Defendants' Proposed Divestitures Fail To Eliminate the Proposed 
Acquisition's Threat to Competition

    71. For some markets in which the proposed transaction results in 
presumptively unlawful increases in concentration, UnitedHealth 
proposes to divest home health and hospice locations to a much smaller 
competitor, VitalCaring. But VitalCaring is unlikely to replace the 
competition that would be lost by UnitedHealth's acquisition of 
Amedisys, or eliminate the threat to competition the acquisition poses; 
VitalCaring is an unproven company with only three years of operational 
experience, poor financial performance, and potentially catastrophic 
legal exposure.
    72. Unlike Defendants' successful home health and hospice 
businesses, VitalCaring has struggled. Founded in 2021, VitalCaring is 
owned equally by two private equity firms, The Vistria Group 
(``Vistria'') and Nautic Partners (``Nautic''), as well as 
VitalCaring's current CEO. To date, VitalCaring's business, which 
consists of 57 home health and 7 hospice locations in six states in the 
southeastern United States, performs less than a million visits 
annually and has continued to underperform financially. VitalCaring's 
valuation has plummeted since the end of 2021, and its two private 
equity owners have significantly written down their investments in the 
company. If the merger is consummated and the divestiture occurs, 
VitalCaring would acquire--and need to successfully integrate--mix-and-
match assets that would double its current size, as well as begin 
providing services in new local markets in many states where it has no 
current presence, all in order to have any hope of matching Defendants' 
present services. VitalCaring's quality metrics also fall short of both 
Defendants', and, after acquisition by VitalCaring, other providers saw 
their quality scores decline.
    73. Worse still, VitalCaring faces significant liability stemming 
from Ms. Anthony's alleged breaches of her fiduciary duties to her 
former employer, rival Encompass (now Enhabit). A Texas state court 
found in 2022 that VitalCaring's current CEO violated her contractual 
obligations to Encompass. Specifically, that while CEO of Encompass, 
she clandestinely worked with Nautic and Vistria ``from the shadows'' 
to form VitalCaring before she formally joined it, poaching many of 
Encompass's employees in the process. These same facts underpin 
Enhabit's pending lawsuit filed in the Delaware Court of Chancery 
against VitalCaring, several of its executives and directors, and its 
private-equity sponsors for aiding Ms. Anthony's alleged breaches of 
her fiduciary duties. Enhabit seeks nearly half a billion dollars in 
damages, and a decision in the case is expected any day. An adverse 
judgment in this lawsuit could imperil VitalCaring's corporate 
viability or its ability to operate the divested assets with the 
competitive intensity sufficient to replace the competition lost from 
Defendants' unlawful merger.
    74. Apart from VitalCaring's inadequacies that draw into question 
whether a divestiture of any assets to it could be successful, 
UnitedHealth's divestiture would still leave over 100 home health, 
hospice, and nurse labor markets unremedied. UnitedHealth's acquisition 
of Amedisys would increase concentration in these markets to levels at 
which anticompetitive effects are presumed and the transaction is 
unlawful. These unremedied markets annually generate at least a billion 
dollars in revenue and serve at least 200,000 patients; they also 
employ at least 4,000 nurses.
    75. Further, UnitedHealth's proposed divestiture would also create 
an additional anticompetitive overlap in the area of Biloxi and 
Gulfport, Mississippi. In this market, VitalCaring's acquisition of 
divestiture assets would increase concentration to a level that is 
presumptively unlawful.

V. No Countervailing Factors Rebut the Presumption of Competitive Harm 
From the Proposed Acquisition

    76. Entry or expansion by other home health and hospice providers 
would not alleviate the substantial harm to competition threatened by 
this proposed merger. Home health and hospice markets feature high 
barriers to entry and expansion. Among other barriers to entry, laws 
and regulations, such as certificate of need laws, prevent or 
significantly delay new entry in many areas. UnitedHealth's and 
Amedisys's strategies of growth by acquiring other home health and 
hospice providers reflect the difficulty of entry or expansion in home 
health and hospice services.
    77. In addition, the merger is unlikely to generate verifiable, 
merger-specific efficiencies in the relevant markets, let alone enough 
to sufficiently prevent or outweigh the significant anticompetitive 
effects that are likely to occur.

VI. Amedisys Violated Section 7A of the Clayton Act

A. The HSR Act and HSR Rules

    78. The HSR Act, also known as Section 7A of the Clayton Act, 15 
U.S.C. 18a, is an essential part of modern antitrust enforcement. Among 
other things, it requires the buyer and seller of voting securities or 
assets above a certain value \5\ to notify the DOJ's Antitrust Division 
and the FTC prior to consummating the acquisition, so as to provide the 
agencies with sufficient opportunity to review proposed transactions 
and to determine whether to seek an injunction to prevent transactions 
that may violate the antitrust laws.
---------------------------------------------------------------------------

    \5\ UnitedHealth's $3.3 billion acquisition of Amedisys is 
subject to the HSR Act's notification requirements.
---------------------------------------------------------------------------

    79. Section 7A(e) of the HSR Act authorizes the investigating 
agency to require merging parties to produce ``additional information 
or documentary material relevant to the proposed acquisition.'' 15 
U.S.C. 18a(e)(1)(A). Demands for information under Section 7A(e) are 
commonly known as ``Second Requests.'' Second Requests prevent the 
parties from closing their transaction until 30 days after the parties 
have provided the investigating agency with ``all the information and 
documentary material'' requested. 15 U.S.C. 18a(e)(2)(A). A party that 
does not provide all materials required by the Second Request must 
provide ``a statement of the reasons for such noncompliance.'' 15 
U.S.C. 18a(e)(2)(B). The FTC, with the concurrence of the Antitrust 
Division, is authorized to promulgate rules defining terms used in the 
Act and other rules that are necessary and appropriate to carry out the 
purposes of the notification and waiting period provisions. 15 U.S.C. 
18a(d)(2). The HSR Act Rules are promulgated at 16 CFR 801-803.
    80. For transactions such as the proposed acquisition of Amedisys, 
the waiting period ends 30 days after a party provides all the 
information required by the Second Request or provides a partial 
response along with a statement of reasons for noncompliance. 15 U.S.C. 
18a(b)(1)(B), (e)(2)(b). Accordingly, the HSR Rules require that a 
party's final submission in response to a Second Request be accompanied 
by a certification attesting that the information provided is ``true, 
correct, and complete in accordance with the statute and rules.'' 16 
CFR 803.6(a)(2), (b); Notification and Report Form, appendix to 16 CFR 
pt. 803.

[[Page 39276]]

    81. Under Section 7A(g) of the Clayton Act, 15 U.S.C. 18a(g), a 
corporation that fails to comply with the HSR Act is liable to the 
United States for a civil penalty for each day it is in violation. The 
maximum amount of civil penalty during the period relevant to this 
Complaint was $51,744 per day. Federal Civil Penalties Inflation 
Adjustment Act of 2015, Public Law 114-74 Sec.  701 (further amending 
the Federal Civil Penalties Inflation Adjustment Act of 1990); Rule 
1.98, 16 CFR 1.98, 89 FR 1,445 (Jan. 10, 2024).

B. Despite Providing an Erroneous and Inaccurate Submission, Amedisys 
Certified That It Was Complete and Did Not Identify What Was Missing

    82. On July 5, 2023, UnitedHealth and Amedisys filed HSR 
notifications with the FTC and the Antitrust Division. On August 4, 
2023, the Antitrust Division issued Second Requests to UnitedHealth and 
Amedisys requiring documents, data, and information about the 
companies, the industry, and the merger. These Second Requests included 
detailed instructions for compliance. If any responsive documents or 
information had been lost or destroyed, Section (e)(2)(B) of the HSR 
Act, Section 803.3 of the HSR Rules, and Instruction 15 of the Second 
Requests required each Defendant to inform the Antitrust Division and 
explain what happened.
    83. In summer 2023, Amedisys first became aware of a potential 
problem with the email archiving system that it relied on to maintain 
documents related to litigation or responsive to regulatory requests. 
This problem persisted for an approximately 30-day period between May-
June 2023, coinciding with UnitedHealth and Amedisys's negotiation of 
their proposed merger. After discovery of the problem with the email 
archiving system, the May-June 2023 emails were not recovered from that 
system, and the issue remained unresolved by the vendor on December 18, 
2023.
    84. On December 18, 2023, Amedisys certified that that it had 
complied with its Second Request and that its response was ``true, 
correct, and complete in accordance with the statute and rules'' as 
required by Section 803.6 of the HSR Rules. But that certification was 
erroneous and inaccurate because Amedisys failed to provide a statement 
of reasons for its partial compliance with the Second Request and to 
disclose the missing emails from May-June 2023, during which 
UnitedHealth and Amedisys were negotiating the proposed merger.
    85. Amedisys also failed to produce any hard copy documents from 
any custodian prior to its December 18, 2023 certification, despite 
Amedisys's knowledge of the existence of such hard copy documents. For 
example, in his June 2023 book, Amedisys's former CEO and current 
Chairman of the Board touted his copious handwritten notes about his 
``Amedisys journey.''
    86. Amedisys also knew of, but failed to produce, text messages for 
over half of its custodians prior to its December 18, 2023 
certification. In a few instances, some text messages called for by the 
Second Request may have been permanently lost.
    87. Amedisys did not acknowledge its deficiencies until the 
Division found and presented evidence of them. For over eight months 
after its erroneous and inaccurate December 18, 2023 certification, 
Amedisys produced more than 2.5 million additional documents--including 
hundreds of thousands of emails, hard copy documents, and text messages 
that pre-dated its December 18, 2023 certification--to complete its 
response to the Second Request. These post-December 18, 2023 
productions represent a greater volume of documents than Amedisys 
produced before certifying compliance with the Second Request on 
December 18, 2023. And these belated productions included materials 
from earlier in 2023 that were clearly relevant to the potential impact 
of this merger on competition in the markets for home health and 
hospice services and for nurses' labor. They included, for example: an 
email from Amedisys's current CEO to other C-Suite executives debating 
the risks related to the transaction and likely divestitures; a text 
message from Amedisys's Senior Vice President of Revenue Cycle 
Management discussing how UnitedHealth is ``[l]ocking up the home 
health and hospice market in many locations;'' and a hard copy document 
from Amedisys's Chief Financial Officer and Chief Operating Officer 
describing UnitedHealth's offer as ``opportunistic.''
    88. More than eight months after its erroneous and inaccurate 
certification, on August 26, 2024, Amedisys submitted a second 
certification in accordance with Section 803.6 of the Rules attesting 
compliance with its Second Request.
    89. Amedisys was continuously in violation of the requirements of 
the HSR Act each day beginning on December 18, 2023, until it submitted 
a second certification attesting that it had submitted a complete 
response to its Second Request on August 26, 2024.

VII. Jurisdiction and Venue

    90. Plaintiff United States brings this action pursuant to Section 
15 of the Clayton Act, 15 U.S.C. 25, to restrain Defendants from 
violating Section 7 of the Clayton Act, 15 U.S.C. 18.
    91. Plaintiff States, by and through their respective Attorneys 
General, bring this action in their respective sovereign capacities and 
as parens patriae on behalf of the citizens, general welfare, and 
economy of their respective States under their statutory, equitable, or 
common law powers, and pursuant to Section 16 of the Clayton Act, 15 
U.S.C. 26, to prevent and restrain Defendants from violating Section 7 
of the Clayton Act, 15 U.S.C. 18.

A. Jurisdiction

    92. Defendants are both engaged in, and their activities 
substantially affect, interstate commerce. UnitedHealth provides home 
health and hospice services in many states. Amedisys also provides home 
health and hospice services in numerous states. The Court therefore has 
subject-matter jurisdiction over this action under 15 U.S.C. 25 and 28 
U.S.C. 1331, 1337(a), and 1345.

B. Personal Jurisdiction and Venue

    93. Defendants conduct business within the District of Maryland; 
UnitedHealth has 14 home health locations in Maryland, and Amedisys has 
12 home health and hospice locations in the state. UnitedHealth also 
has both an orientation and training center and a separate ``Network 
Management'' center in Columbia, Maryland, as well as a remote billing 
office, that employs 100 individuals, in Frederick, Maryland to support 
its home health business. Defendants are thus subject to personal 
jurisdiction within this District and venue is proper under 15 U.S.C. 
22 and 28 U.S.C. 1391.

VIII. Violations Alleged

COUNT I: SECTION 7 OF THE CLAYTON ACT

(By Plaintiffs Against UnitedHealth and Amedisys)
    94. Plaintiffs hereby incorporate paragraphs 1 through 93 above as 
if set forth fully herein.
    95. Unless enjoined, the effect of the proposed acquisition may be 
to substantially lessen competition for home health services in 
hundreds of local markets throughout the United States (``relevant home 
health markets''), in violation of Section 7 of the Clayton Act, 15 
U.S.C. 18, by:
    a. Increasing concentration in the relevant home health markets to 
levels that are so clearly indicative of lessened

[[Page 39277]]

competition as to render UnitedHealth's acquisition presumptively 
unlawful;
    b. Eliminating head-to-head competition in the relevant home health 
markets;
    c. Stagnating or worsening non-price dimensions of competition, 
such as quality and service, in the relevant home health markets;
    d. Raising prices and worsening terms for patients in markets for 
home health services sold to Medicare Advantage; and
    e. Reducing competition generally in the relevant home health 
markets.
    96. Unless enjoined, the effect of the proposed acquisition may be 
to substantially lessen competition for hospice services provided to 
traditional Medicare beneficiaries in dozens of local markets 
throughout the United States (``relevant hospice markets''), in 
violation of Section 7 of the Clayton Act, 15 U.S.C. 18, by:
    a. Increasing concentration in the relevant hospice markets to 
levels that are so clearly indicative of lessened competition as to 
render UnitedHealth's acquisition presumptively unlawful;
    b. Eliminating head-to-head competition in the relevant hospice 
markets;
    c. Stagnating or worsening non-price dimensions of competition, 
such as quality and service, in the relevant hospice markets; and
    d. Reducing competition generally in the relevant hospice markets.
    97. Unless enjoined, the effect of the proposed acquisition may be 
to substantially lessen competition for the labor of home health and 
hospice nurses in hundreds of local markets throughout the United 
States (``relevant labor markets''), in violation of Section 7 of the 
Clayton Act, 15 U.S.C. 18, by:
    a. Increasing concentration in the relevant labor markets to levels 
that are so clearly indicative of lessened competition as to render 
UnitedHealth's acquisition presumptively unlawful;
    b. Eliminating head-to-head competition in the relevant labor 
markets for (1) home health nurses and (2) hospice nurses;
    c. Stagnating or worsening wages and other employment terms in the 
relevant labor markets; and
    d. Reducing competition generally in the relevant labor markets.

COUNT II: VIOLATION OF THE HSR ACT

(By the United States Against Amedisys)
    98. Plaintiff United States hereby incorporates paragraphs 1 
through 97 above as if set forth fully herein.
    99. On December 18, 2023, Amedisys chose to submit to the Antitrust 
Division a certification attesting that it had complied with its Second 
Request and that its response was ``true, correct, and complete'' in 
accordance with the statute and the Rules. At the time of the 
certification, as Amedisys was aware, its response was not true, 
correct, or complete in accordance with the statute and the Rules. 
Amedisys did not identify, as required by statute, the information 
missing from its production.
    100. Amedisys submitted a second certification attesting compliance 
with its Second Request on August 26, 2024, asserting that its 
compliance was complete.
    101. Amedisys was in continuous violation of the requirements of 
the HSR Act each day beginning on December 18, 2023, until at least 
August 26, 2024.

IX. Request for Relief

    102. Plaintiffs collectively request that, as to Defendants, the 
Court:
    a. Adjudge and decree UnitedHealth's acquisition of Amedisys to 
violate Section 7 of the Clayton Act, 15 U.S.C. 18;
    b. Permanently enjoin Defendants from consummating the proposed 
acquisition or from entering into or carrying out any other contract, 
agreement, or understanding, the effect of which would be to combine 
UnitedHealth and Amedisys;
    c. Award Plaintiffs an amount equal to their costs and fees 
incurred in bringing this action; and
    d. Grant Plaintiffs other such relief that the Court deems just and 
proper.

    103. Plaintiff United States requests that, as to Defendant 
Amedisys, the Court:
    a. Adjudge and decree that Defendant Amedisys violated the HSR Act, 
15 U.S.C. 18a, and that Defendant Amedisys was in violation of the Act 
for, at a minimum, each day of the period from the time of its 
erroneous and inaccurate certification on December 18, 2023, through at 
least the date it re-certified compliance on August 26, 2024;
    b. Order Defendant Amedisys to pay the United States an appropriate 
civil penalty as provided by the HSR Act, 15 U.S.C. 18a(g), the Federal 
Civil Penalties Inflation Adjustment Improvements Act of 2015, Public 
Law 114-74, 129 Stat. 599 (2015) (amending the Federal Civil Penalties 
Inflation Adjustment Act, Pub. L. 101-410, 104 Stat. 890 (codified at 
28 U.S.C. 2461 note)), and the Federal Trade Commission Rule 16 CFR 
Part 1, 89 FR 1446 (Jan. 10, 2024);
    c. Award Plaintiff an amount equal to its costs and fees incurred 
in bringing this action;
    d. Grant Plaintiff other such relief that the Court deems just and 
proper.
    Dated: November 12, 2024.

    Respectfully submitted,

FOR PLAINTIFF UNITED STATES OF AMERICA:

JONATHAN S. KANTER,
Assistant Attorney General for Antitrust.

DOHA G. MEKKI,
Principal Deputy Assistant Attorney General for Antitrust.

HETAL J. DOSHI,
Deputy Assistant Attorney General for Antitrust.

MICHAEL B. KADES,
Deputy Assistant Attorney General for Antitrust.

RYAN DANKS,
Director of Civil Enforcement.

SUZANNE MORRIS,
Deputy Director of Civil Enforcement Operations.

GEORGE C. NIERLICH,
Deputy Director of Civil Enforcement.

DAVID E. DAHLQUIST,
Acting Deputy Director of Civil Litigation.

JILL C. MAGUIRE,
Acting Chief, Healthcare and Consumer Products Section.

GARRETT M. LISKEY,
Acting Assistant Chief, Healthcare and Consumer Products Section.

ERIN K. MURDOCK-PARK *
BENJAMIN H. ABLE,
SERAJUL F. ALI,
GIANCARLO R. AMBROGIO,
AARON COMENETZ,
CHRIS S. HONG,
ADAM KINKLEY,
JOHN P. LOHRER,
SONIA M. ORFIELD,
SARAH V. RIBLET,
SARAH R. SCHEINMAN,
DAVID M. STOLTZFUS,
PAUL TORZILLI,
MELODY WANG,
ABIGAIL U. WOOD,
Special Appearances Pending
Attorneys
United States Department of Justice, Antitrust Division, 450 Fifth 
Street NW, Suite 4100, Washington, DC 20530, Telephone: (202) 445-
8082, Facsimile: (202) 307-5802, Email: [email protected].

    Attorneys for Plaintiff United States of America.
    * LEAD ATTORNEY TO BE NOTICED.

FOR PLAINTIFF STATE OF MARYLAND:

ANTHONY G. BROWN,
Attorney General

Schonette J. Walker,
USDC Md Bar No. 19490, Assistant Attorney General Chief, Antitrust 
Division, [email protected].

Byron Warren,
USDC Md Bar No. 30169, Assistant Attorney General, 
[email protected].

Maryland Office of the Attorney General,
200 St. Paul Place, 19th Floor, Baltimore, MD 21202, 410-576-6470.

Attorneys for Plaintiff State of Maryland.

FOR PLAINTIFF STATE OF ILLINOIS:


[[Page 39278]]


KWAME RAOUL,
Attorney General.

Richard S. Schultz (Pro hac vice forthcoming)
 Assistant Attorney General, [email protected].

Jennifer Coronel (Pro hac vice forthcoming)
Assistant Attorney General, [email protected].

John Milligan (Pro hac vice forthcoming),
Assistant Attorney General, [email protected].

Office of the Illinois Attorney General,
115 S LaSalle Street, Floor 23, Chicago, IL 60603, (312) 814-3000.

Attorneys for Plaintiff State of Illinois.

FOR PLAINTIFF STATE OF NEW JERSEY:

MATTHEW J. PLATKIN,
Attorney General of New Jersey.

Yale A. Leber (Pro hac vice forthcoming),
Deputy Attorney General, Antitrust Litigation and Competition 
Enforcement Section, [email protected].

Isabella R. Pitt (Pro hac vice forthcoming),
Deputy Attorney General/Assistant Chief, Antitrust Litigation and 
Competition Enforcement Section, [email protected].

New Jersey Office of Attorney General,
Division of Law, 124 Halsey Street--5th Floor, Newark, NJ 07102, 
(862) 381-4150.

Attorneys for Plaintiff State of New Jersey.

FOR PLAINTIFF STATE OF NEW YORK:

LETITIA JAMES,
Attorney General of New York.

Saami Zain (Pro hac vice forthcoming),
Assistant Attorney General, [email protected].

Amy E. McFarlane (Pro hac vice forthcoming),
Deputy Chief, Antitrust Bureau, [email protected].

Elinor R. Hoffmann (Pro hac vice forthcoming),
Chief, Antitrust Bureau, [email protected].

Christopher D'Angelo (Pro hac vice forthcoming),
Chief Deputy Attorney General, Economic Justice Division, 
Christopher.D'[email protected].

New York State Office of the Attorney General,
28 Liberty Street, New York, NY 10005, (212) 416-8262.

Attorneys for Plaintiff State of New York.

United States District Court for the District of Maryland

    UNITED STATES OF AMERICA, Et al., Plaintiffs, v. UNITEDHEALTH 
GROUP INCORPORATED and AMEDISYS, INC. Defendants.

Case No. 1:24-cv-03267
Judge James K. Bredar

Proposed Final Judgment

    Whereas, Plaintiff, United States of America, along with the 
Attorneys General of Maryland, Illinois, New Jersey, and New York 
(collectively, the ``Plaintiff States''), filed their Complaint on 
November 12, 2024;
    And whereas, the United States, Plaintiff States, and Defendants, 
UnitedHealth Group Incorporated and Amedisys, Inc., have consented to 
entry of this Final Judgment without the taking of testimony, without 
trial or adjudication of any issue of fact or law, and without this 
Final Judgment constituting any evidence against or admission by any 
party relating to any issue of fact or law;
    And whereas, Defendants agree to make certain divestitures and to 
undertake certain actions to resolve claims that Defendants' merger 
would allegedly violate Section 7 of the Clayton Act, 15 U.S.C. 18, and 
Defendant Amedisys agrees to undertake certain actions to resolve the 
claim that Amedisys allegedly violated Section 7A of the Clayton Act, 
also known as the Hart-Scott-Rodino Antitrust Improvements Act of 1976 
(``HSR Act''), 15 U.S.C. 18a;
    And whereas, Defendants represent that the divestitures and other 
relief required by this Final Judgment can and will be made and that 
Defendants will not later raise a claim of hardship or difficulty as 
grounds for asking the Court to modify any provision of this Final 
Judgment or claim that any provision of this Final Judgment is 
unenforceable because it is unclear or ambiguous;
    Now therefore, it is ordered, adjudged, and decreed:

I. Jurisdiction

    The Court has jurisdiction over the subject matter of and each of 
the parties to this action. The Complaint states a claim upon which 
relief may be granted against Defendants under Section 7 of the Clayton 
Act (15 U.S.C. 18) and against Defendant Amedisys under Section 7A of 
the Clayton Act (15 U.S.C. 18a).

II. Definitions

    As used in this Final Judgment:
    A. ``UnitedHealth'' means Defendant UnitedHealth Group 
Incorporated, a Delaware corporation with its headquarters in Eden 
Prairie, Minnesota, its successors and assigns, and its subsidiaries, 
and divisions, and controlled groups, affiliates, partnerships, and 
joint ventures, and their directors, officers, managers, agents, and 
employees.
    B. ``Amedisys'' means Defendant Amedisys, Inc., a Delaware 
corporation with its headquarters in Baton Rouge, Louisiana, its 
successors and assigns, and its subsidiaries, and divisions, and 
controlled groups, affiliates, partnerships, and joint ventures, and 
their directors, officers, managers, agents, and employees.
    C. ``BrightSpring'' means BrightSpring Health Services, Inc., a 
Delaware corporation with its headquarters in Louisville, Kentucky, its 
successors and assigns, and its subsidiaries, divisions, groups, 
affiliates, partnerships, and joint ventures, and their directors, 
officers, managers, agents, and employees.
    D. ``Pennant'' means The Pennant Group, Inc., a Delaware 
corporation with its headquarters in Eagle, Idaho, its successors and 
assigns, and its subsidiaries, divisions, groups, affiliates, 
partnerships, and joint ventures, and their directors, officers, 
managers, agents, and employees.
    E. ``Acquirer(s)'' means BrightSpring, Pennant, or another entity 
approved by the United States, in its sole discretion, to which 
Defendants divest the Divestiture Assets.
    F. ``Additional Divestiture Assets'' means the home health branches 
or agencies listed in Schedule C.
    G. ``Additional Regulatory Approval(s)'' means any approval or 
clearance from any local, state, or federal healthcare authority 
(including approval from any certificate-of-need authority or the 
Centers for Medicare and Medicaid Services) for the Schedule B Assets 
(without reducing the service areas of the Schedule B Assets as they 
existed as of July 17, 2025) required to: (i) operate as home health 
branches or agencies separately from any home health branch or agency 
that will not be divested to an Acquirer pursuant to this Final 
Judgment; or (ii) be reassigned to home health agencies that either are 
already owned by an Acquirer as of the date of the initial filing of 
the Proposed Final Judgment in this matter or will be owned by an 
Acquirer following a divestiture required by this Final Judgment.
    H. ``Divestiture Assets'' means:
    1. all of Defendants' rights, titles, and interests in and to the 
following property and assets, wherever located, related to or used in 
the branches and agencies identified in the Divestiture Schedules and 
used in the business of providing home health or hospice services:
    1. all branch or agency offices and facilities, and all other real 
property, including fee simple interests, real property leasehold 
interests and renewal rights thereto, improvements to real property, 
and options to purchase any adjoining or other property, together with 
all buildings, facilities, and other structures;
    2. all contracts, contractual rights, or other agreements, 
commitments, and

[[Page 39279]]

understandings relating to employment of Relevant Personnel who elect 
employment with an Acquirer pursuant to Paragraph IV.M within 180 
calendar days of the Divestiture Date;
    3. all interests in any joint venture listed in Schedule D;
    4. all contracts, contractual rights, and customer relationships, 
and all other agreements, and commitments, including supply agreements, 
teaming agreements, and leases, and all outstanding offers or 
solicitations to enter into a similar arrangement;
    5. all licenses, permits, certifications, approvals, consents, 
registrations, waivers, and authorizations, including those issued or 
granted by any governmental organization, and all pending applications 
or renewals;
    6. records and data reflecting (a) current and historical patient 
contact information, claims and remittance information, clinical 
information, underlying electronic data, and files that contain any 
current or historical patient records, (b) employment, wage, salary, 
and personnel records relating to Relevant Personnel who elect 
employment with an Acquirer pursuant to Paragraph IV.M within 180 
calendar days of the Divestiture Date, (c) customer lists, accounts, 
sales, and credit records, and (d) production, repair, maintenance, and 
performance records; and
    2. all of Defendants' rights, titles, and interests in and to all 
other property and assets, tangible and intangible, wherever located, 
primarily related to or used in the branches and agencies identified in 
the Divestiture Schedules and used in the business of providing home 
health or hospice services, including:
    1. all tangible personal property, including fixed assets, 
machinery and manufacturing equipment, tools, vehicles, inventory, 
materials, office equipment and furniture, computer hardware, and 
supplies;
    2. all records and data not described in Paragraph II.H.1.f, 
including manuals and technical information Defendants provide to their 
own employees, customers, suppliers, agents, or licensees;
    3. all intellectual property owned, licensed, or sublicensed, 
either as licensor or licensee, including (a) patents, patent 
applications, and inventions and discoveries that may be patentable, 
(b) registered and unregistered copyrights and copyright applications, 
and (c) registered and unregistered trademarks, trade dress, service 
marks, trade names, and trademark applications; and
    4. all other intangible property, including (a) commercial names 
and d/b/a names, (b) technical information, (c) know-how, trade 
secrets, design protocols, specifications for materials, specifications 
for parts, specifications for devices, safety procedures (e.g., for the 
handling of materials and substances), quality assurance and control 
procedures, and (d) design tools and simulation capabilities.
    Provided, however, that the assets specified in this Paragraph II.H 
do not include the Excluded Assets, Payer Contracts, or Shared 
Contracts.
    I. ``Divestiture Date'' means the date, separately for each 
Acquirer, on which any Divestiture Assets or Additional Divestiture 
Assets are divested to that Acquirer pursuant to this Final Judgment. 
There may be multiple Divestiture Dates.
    J. ``Divestiture Schedules'' means the home health, hospice, or 
palliative care branches or agencies listed in Schedules A and B and, 
if the conditions in Paragraph IV.B are satisfied, the Additional 
Divestiture Assets listed in Schedule C.
    K. ``Excluded Assets'' means the assets listed in Schedule E.
    L. ``Including'' means including, but not limited to.
    M. ``Merger Clearances'' refers to the completion of any notice and 
waiting period prescribed by Ind. Code Sec.  25-1-8.5-4 or the 
suspensory review period prescribed by West Virginia Code Sec.  16-2D-
8.
    N. ``Payer Contracts'' means contracts, contractual rights, 
customer relationships, agreements, commitments, or understandings with 
any private payer relating to negotiated rates for home health or 
hospice services.
    O. ``Regulatory Approval(s)'' means any approval or clearance from 
any local, state, or federal healthcare authority (including approval 
from any certificate-of-need authority or the Centers for Medicare and 
Medicaid Services), or any notice to such an authority, required for 
Acquirers to own or operate each branch and agency listed in Schedule A 
within its service area as of July 17, 2025.
    P. ``Relevant Personnel'' means all full-time, part-time, or 
contract employees (including nurses, other healthcare professionals, 
and business development and account executives) of the Defendants, 
wherever located, who: (i) were assigned solely to a branch or agency 
listed in the Divestiture Schedules as of July 17, 2025; (ii) conduct 
patient visits and who treated patients assigned to the branches and 
agencies identified in the Divestiture Schedules in at least 50% of 
their patient visits conducted between July 1, 2024 and June 30, 2025; 
or (iii) if not responsible for patient visits, spent at least 50% of 
their time between July 1, 2024 and June 30, 2025, supporting the 
branches and agencies identified in the Divestiture Schedules. 
Provided, however, that (a) Relevant Personnel does not include 
employees employed by the Salisbury, Maryland branch listed in Schedule 
A (CMS Branch ID 21Q711000) as of July 17, 2025, except for those 
personnel whom Defendants have agreed will be subject to Paragraph 
IV.M; and (b) Relevant Personnel includes personnel employed by the 
HomeCall Salisbury, Maryland branch located at 910 Eastern Shore Drive, 
Salisbury, Maryland (CMS Branch ID 21Q7066007) as of July 17, 2025. The 
United States, in its sole discretion, will resolve any disagreement 
relating to which employees are Relevant Personnel.
    Q. ``Schedule B Assets'' means the home health branches or agencies 
listed in Schedule B.
    R. ``Shared Contracts'' means contracts, contractual rights, 
agreements, commitments, or understandings that relate to both a branch 
or agency listed in the Divestiture Schedules and a branch or agency 
retained by the Defendants.

III. Applicability

    A. This Final Judgment applies to UnitedHealth and Amedisys, as 
defined above, and all other persons in active concert or participation 
with any Defendant who receive actual notice of this Final Judgment.
    B. If, prior to complying with Section IV and Section V of this 
Final Judgment, Defendants sell or otherwise dispose of all or 
substantially all of their assets or of business units that include the 
Divestiture Assets, Defendants must require any purchaser to be bound 
by the provisions of this Final Judgment. Defendants need not obtain 
such an agreement from BrightSpring or Pennant.

IV. Divestitures

    A. For each of the respective divestitures required pursuant to 
this Paragraph IV.A, Defendants are ordered and directed, within 75 
calendar days after the Court's entry of the Asset Preservation/Hold 
Separate Stipulation and Order in this matter or within 60 calendar 
days of receipt of all necessary Merger Clearances, whichever is later, 
to divest the relevant Divestiture Assets, except for the Additional 
Divestiture Assets, in a manner consistent with this Final Judgment to 
BrightSpring and Pennant, as specified in the Divestiture Schedules, or 
to another Acquirer

[[Page 39280]]

acceptable to the United States, in its sole discretion, after 
consultation with any affected Plaintiff State. The United States, in 
its sole discretion, may agree to one or more extensions of this time 
period and will notify the Court of any extensions. For the avoidance 
of doubt, the timelines set forth above shall apply individually to 
each specific divestiture transaction such that the Merger Clearances 
required for one divestiture transaction will not provide a basis to 
delay the closing of another divestiture transaction.
    B. If at any time after the Court's entry of the Asset 
Preservation/Hold Separate Stipulation and Order in this matter, an 
Acquirer is notified in writing of a final determination (1) by a state 
or local healthcare authority that a Schedule B Asset will not be 
permitted to maintain home health operations in its service area as it 
existed as of July 17, 2025, because the Schedule B Asset did not 
receive a necessary Additional Regulatory Approval, as a result of that 
Schedule B Asset not being associated with an Additional Divestiture 
Asset; or (2) by the Centers for Medicare & Medicaid Services (``CMS'') 
that Acquirer will not be permitted to bill for the treatment of 
Medicare or Medicaid patients by (i) obtaining a CMS Certification 
Number (``CCN'') or enrolling under the CCN of an agency owned by the 
Acquirer, or (ii) before obtaining a CCN or enrolling under the CCN of 
an agency owned by the Acquirer, using a Billing Services Agreement, 
then Defendants must, within 75 calendar days from the date of the 
notification to that Acquirer, divest to the Acquirer the Additional 
Divestiture Assets originally associated with the Schedule B Asset, 
unless a longer period is approved by the United States in its sole 
discretion. Provided, however, that if any Additional Regulatory 
Approvals for one or more Schedule B Asset have not been obtained 
within 18 months after the Court's entry of the Asset Preservation/Hold 
Separate Stipulation and Order in this matter, Defendants must divest 
the corresponding Additional Divestiture Assets to the relevant 
Acquirer. If the United States determines, in its sole discretion, that 
Defendants are using best efforts to obtain Additional Regulatory 
Approvals and the Acquirer is likely to obtain Additional Regulatory 
Approvals if additional time is granted, the United States will agree 
to one or more extensions of the 18-month time period and will notify 
the Court of any extensions.
    C. Defendants must use best efforts to facilitate BrightSpring, 
Pennant, or another Acquirer to obtain the Regulatory Approvals and the 
Additional Regulatory Approvals as promptly as possible.
    D. For all contracts, agreements, and customer relationships (or 
portions of such contracts, agreements, and customer relationships) 
included in the Divestiture Assets, Defendants must assign or otherwise 
transfer all contracts, agreements, and customer relationships to 
Acquirers within the deadlines set forth in Paragraph IV.A and, if 
applicable IV.B; provided, however, that for any contract or agreement 
that requires the consent of another party to assign or otherwise 
transfer, Defendants must use best efforts to accomplish the assignment 
or transfer. Defendants must not interfere with any negotiations 
between Acquirers and a contracting party.
    E. For all joint ventures listed in Schedule D, Defendants must 
assign or otherwise transfer all interests in the joint ventures to an 
Acquirer within the deadlines set forth in Paragraph IV.A; provided, 
however, that for any contract or agreement that requires the consent 
of another party to assign or otherwise transfer, Defendants must use 
best efforts to accomplish the assignment or transfer. Defendants must 
not interfere with any negotiations between any Acquirer and any other 
party to joint venture listed in Schedule D. For 12 months following 
entry of the Final Judgment, Defendants may not, without the prior 
written authorization of the United States in its sole discretion, 
enter into any new joint venture relating to the provision of home 
health or hospice care with any of the parties to the joint ventures 
listed in Schedule D where such new joint venture would operate within 
the service area of a joint venture in Schedule D.
    F. Defendants must use best efforts to divest the Divestiture 
Assets as expeditiously as possible. Defendants must take no action 
that would jeopardize the completion of the divestitures ordered by the 
Court, including any action to impede the permitting, operation, or 
divestiture of the Divestiture Assets.
    G. Unless the United States otherwise consents in writing, the 
divestitures pursuant to this Final Judgment must include the entire 
Divestiture Assets and must be accomplished in such a way as to satisfy 
the United States, in its sole discretion, after consultation with any 
affected Plaintiff State, that the Divestiture Assets can and will be 
used by Acquirers as part of viable, ongoing businesses providing home 
health care and hospice care.
    H. The divestiture must be made to Acquirers that, in the United 
States' sole judgment, after consultation with any affected Plaintiff 
State, have the intent and capability, including the necessary 
managerial, operational, technical, and financial capability, to 
compete effectively in the provision of home health care and hospice 
care in the areas in which the Divestiture Assets are located.
    I. The divestiture must be accomplished in a manner that satisfies 
the United States, in its sole discretion, after consultation with any 
affected Plaintiff State, that none of the terms of any agreement 
between an Acquirer and Defendants give Defendants the ability 
unreasonably to raise an Acquirer's costs, to lower an Acquirer's 
efficiency, to lower an Acquirer's quality, or otherwise interfere in 
the ability of an Acquirer to compete effectively in the provision of 
home health care and hospice care in the area in which the Divestiture 
Asset to be acquired by the Acquirer is located.
    J. Divestiture of the Divestiture Assets may be made to one or more 
Acquirers, provided that it is demonstrated to the sole satisfaction of 
the United States, after consultation with any affected Plaintiff 
State, that the criteria required by Paragraphs IV.G, IV.H, and IV.I 
will still be met.
    K. In the event Defendants are attempting to divest the Divestiture 
Assets to an Acquirer other than BrightSpring or Pennant, Defendants 
promptly must make known, by usual and customary means, the 
availability of the Divestiture Assets. Defendants must inform any 
person making an inquiry relating to a possible purchase of the 
Divestiture Assets that the Divestiture Assets are being divested in 
accordance with this Final Judgment and must provide that person with a 
copy of this Final Judgment. Defendants must offer to furnish to all 
prospective Acquirers, subject to customary confidentiality assurances, 
all information and documents relating to the Divestiture Assets that 
are customarily provided in a due diligence process; provided, however, 
that Defendants need not provide information or documents subject to 
the attorney-client privilege or work-product doctrine. Defendants must 
make all information and documents available to the United States and 
any affected Plaintiff State at substantially the same time that the 
information and documents are made available to any prospective 
Acquirer.
    L. Defendants must provide prospective Acquirers with (1) access to 
make inspections of the Divestiture Assets; (2) access to all 
environmental, zoning, state licenses, certificates from the Centers 
for Medicare and Medicaid

[[Page 39281]]

Services, certificates of needs (or equivalent documents), and other 
permitting documents and information relating to the Divestiture 
Assets; and (3) access to all financial, operational, or other 
documents and information relating to the Divestiture Assets that would 
customarily be provided as part of a due diligence process. Defendants 
also must disclose all encumbrances on any part of the Divestiture 
Assets, including on intangible property.
    M. Defendants must cooperate with and assist Acquirers in 
identifying and, at the option of Acquirers, hiring all Relevant 
Personnel, including:
    1. Within 10 business days following the entry of the Asset 
Preservation/Hold Separate Stipulation and Order in this matter, 
Defendants must identify all Relevant Personnel to Acquirers, the 
United States, and any affected Plaintiff State, including by providing 
organization charts covering all Relevant Personnel.
    2. Within 10 business days following receipt of a request by an 
Acquirer, the United States, any affected Plaintiff State, or the 
monitor, Defendants must provide to that Acquirer, the United States, 
any affected Plaintiff State, and the monitor additional information 
relating to Relevant Personnel, including name, job title, reporting 
relationships, past experience, responsibilities, training and 
educational histories, relevant certifications, and job performance 
evaluations. Defendants must also provide to Acquirers, the United 
States, and the monitor information relating to current and accrued 
compensation and benefits of Relevant Personnel, including most recent 
bonuses paid, aggregate annual compensation, current target or 
guaranteed bonus, if any, any retention agreement or incentives, and 
any other payments due, compensation or benefits accrued, or promises 
made to the Relevant Personnel. If Defendants are barred by any 
applicable law from providing any of this information, Defendants must 
provide, within 10 business days following receipt of the request, the 
requested information to the full extent permitted by law and also must 
provide a written explanation of Defendants' inability to provide the 
remaining information, including specifically identifying the 
provisions of the applicable laws. Defendants' obligations under this 
Paragraph IV.M.2 will expire 180 calendar days after the Court's entry 
of the Asset Preservation/Hold Separate Stipulation and Order.
    3. At the request of an Acquirer, Defendants must promptly make 
Relevant Personnel available for private interviews with that Acquirer 
during normal business hours at a mutually agreeable location.
    4. Defendants must not interfere with any effort by an Acquirer to 
employ any Relevant Personnel. Interference includes offering to 
increase the compensation or improve the benefits of Relevant Personnel 
unless (a) the offer is part of an increase in compensation or 
improvement in benefits that is company-wide or for the Defendants' 
entire home health or entire hospice care business, or (b) the offer is 
approved by the United States in its sole discretion. Defendants' 
obligations under this Paragraph IV.M.4 will expire 180 calendar days 
after the Court's entry of the Asset Preservation/Hold Separate 
Stipulation and Order.
    5. For Relevant Personnel who elect employment with an Acquirer 
within 180 calendar days of the Divestiture Date, Defendants must waive 
all non-compete and non-disclosure agreements; vest and pay to the 
Relevant Personnel (or to an Acquirer for payment to the employee) on a 
prorated basis any bonuses, incentives, other salary, benefits, or 
other compensation fully or partially accrued at the time of the 
transfer of the employee to an Acquirer; vest any unvested pension and 
other equity rights; and provide all other benefits that those Relevant 
Personnel otherwise would have been provided had the Relevant Personnel 
continued employment with Defendants, including any retention bonuses 
or payments. Defendants may maintain reasonable restrictions on 
disclosure by Relevant Personnel of Defendants' proprietary non-public 
information that is unrelated to the Divestiture Assets and not 
otherwise required to be disclosed by this Final Judgment.
    6. For a period of 180 calendar days from the Divestiture Date, 
Defendants may not solicit to re-hire Relevant Personnel who were hired 
by an Acquirer unless (a) an individual is terminated or laid off by an 
Acquirer or (b) an Acquirer agrees in writing that Defendants may 
solicit to re-hire that individual. Nothing in this Paragraph IV.M.6. 
prohibits Defendants from advertising employment openings using general 
solicitations or advertisements and re-hiring Relevant Personnel who 
apply for an employment opening through a general solicitation or 
advertisement.
    N. Defendants must warrant to each Acquirer that (1) the 
Divestiture Assets will be operational and without material defect on 
the date of their transfer to the Acquirer; (2) there are no material 
defects in the environmental, zoning, state licenses, certificates from 
the Centers for Medicare and Medicaid Services, certificates of need 
(or equivalent documents), or other permits relating to the operation 
of the Divestiture Assets; and (3) Defendants have disclosed all 
encumbrances on any part of the Divestiture Assets, including on 
intangible property. Following the sale of the Divestiture Assets, 
Defendants must not undertake, directly or indirectly, challenges to 
the environmental, zoning, or other permits relating to the operation 
of the Divestiture Assets.
    O. Defendants must use best efforts to assist Acquirers to obtain 
all necessary licenses, registrations, and permits to operate the 
Divestiture Assets. Until an Acquirer obtains the necessary licenses, 
registrations, and permits, Defendants must provide that Acquirer with 
the benefit of Defendants' licenses, registrations, and permits to the 
full extent permissible by law.
    P. Defendants must make best efforts to transition the Divestiture 
Assets from each respective Defendant's instance of Homecare Homebase 
to each Acquirer's electronic health record system within 240 calendar 
days of the Divestiture Date.
    Q. At the option of Acquirer, and subject to approval by the United 
States in its sole discretion, on or before the Divestiture Date, 
Defendants must enter into one or more contracts to provide transition 
services, which may include management service agreements and employee 
leasing agreements, related to human resources, employee health and 
safety, information technology services and support, clinical service 
delivery, clinical operations support, real estate, finance, accounting 
and tax, expense processing, cost reporting, legal, risk, and 
compliance, revenue cycle management, sales, and billing services for a 
period of up to 365 calendar days on terms and conditions reasonably 
related to market conditions for the provision of the transition 
services. At the option of an Acquirer, subject to approval by the 
United States in its sole discretion, Defendants must enter into one or 
more extensions of any such contracts for a total of up to an 
additional 180 calendar days, on terms and conditions reasonably 
related to market conditions for the provision of the transition 
services. Any amendment to or modification of any transition services 
contract or extension to a transition services contract must be 
approved by the United States, in its sole discretion. If an Acquirer 
seeks an extension of the term of any contract for transition services, 
Defendants must notify the United States in writing (i) at least 30 
calendar days prior to the date

[[Page 39282]]

the contract expires or (ii) within three calendar days of an Acquirer 
notifying Defendant it is seeking an extension. An Acquirer may 
terminate a contract (including an extension) for transition services, 
or any portion of a contract (including an extension) for transition 
services, without cost or penalty at any time upon 30 calendar days' 
written notice. As described further in Section XII, employees of 
Defendants tasked with providing transition services to an Acquirer 
must not share any competitively sensitive information of an Acquirer 
with any other employee of Defendants, except that those tasked with 
providing transition services may share competitively sensitive 
information if the sharing is reasonably necessary for the employees' 
duties regarding transition services, or with any employees of a 
different Acquirer.
    R. If any term of an agreement between Defendants and an Acquirer, 
including an agreement to effectuate the divestiture required by this 
Final Judgment, varies from a term of this Final Judgment, to the 
extent that Defendants cannot fully comply with both, this Final 
Judgment determines Defendants' obligations.

V. Appointment of Divestiture Trustee

    A. If Defendants have not divested all of the Divestiture Assets 
within the period specified in Paragraphs IV.A and, if applicable, 
IV.B, Defendants must immediately notify the United States and any 
affected Plaintiff State of that fact in writing. Upon application of 
the United States, which Defendants may not oppose, the Court will 
appoint a divestiture trustee selected by the United States and 
approved by the Court to effect the divestiture of any of the 
Divestiture Assets that have not been sold during the time periods 
specified in Paragraphs Paragraph IV.A and, if applicable, Paragraph 
IV.B.
    B. After the appointment of a divestiture trustee by the Court, 
only the divestiture trustee will have the right to sell those 
Divestiture Assets that the divestiture trustee has been appointed to 
sell. The divestiture trustee will have the power and authority to 
accomplish the divestitures to Acquirers acceptable to the United 
States, in its sole discretion, after consultation with any affected 
Plaintiff State, at a price and on terms obtainable through reasonable 
effort by the divestiture trustee, subject to the provisions of 
Sections IV, V, and VI of this Final Judgment, and will have other 
powers as the Court deems appropriate. The divestiture trustee must 
sell the Divestiture Assets as quickly as possible.
    C. Defendants may not object to a sale by the divestiture trustee 
on any ground other than malfeasance by the divestiture trustee. 
Objections by Defendants must be conveyed in writing to the United 
States and the divestiture trustee within 10 calendar days after the 
divestiture trustee has provided the notice of proposed divestiture 
required by Section VI.
    D. The divestiture trustee will serve at the cost and expense of 
Defendants pursuant to a written agreement, on terms and conditions, 
including confidentiality requirements and conflict of interest 
certifications, approved by the United States in its sole discretion.
    E. The divestiture trustee may hire at the cost and expense of 
Defendants any agents or consultants, including investment bankers, 
attorneys, and accountants, that are reasonably necessary in the 
divestiture trustee's judgment to assist with the divestiture trustee's 
duties. These agents or consultants will be accountable solely to the 
divestiture trustee and will serve on terms and conditions, including 
confidentiality requirements and conflict-of-interest certifications, 
approved by the United States in its sole discretion.
    F. The compensation of the divestiture trustee and agents or 
consultants hired by the divestiture trustee must be reasonable in 
light of the value of the Divestiture Assets and based on a fee 
arrangement that provides the divestiture trustee with incentives based 
on the price and terms of the divestiture and the speed with which it 
is accomplished. If the divestiture trustee and Defendants are unable 
to reach agreement on the divestiture trustee's compensation or other 
terms and conditions of engagement within 14 calendar days of the 
appointment of the divestiture trustee by the Court, the United States, 
in its sole discretion, may take appropriate action, including by 
making a recommendation to the Court. Within three business days of 
hiring an agent or consultant, the divestiture trustee must provide 
written notice of the hiring and rate of compensation to Defendants and 
the United States.
    G. The divestiture trustee must account for all monies derived from 
the sale of the Divestiture Assets by the divestiture trustee and all 
costs and expenses incurred, and the divestiture trustee must submit 
that accounting to the Court for approval. After approval by the Court 
of the divestiture trustee's accounting, including fees for unpaid 
services and those of agents or consultants hired by the divestiture 
trustee, all remaining money must be paid to Defendants, and the trust 
will then be terminated.
    H. Defendants must use best efforts to assist the divestiture 
trustee to accomplish the required divestitures. Subject to reasonable 
protection for trade secrets, other confidential research, development, 
or commercial information, or any applicable privileges, Defendants 
must provide the divestiture trustee and agents or consultants retained 
by the divestiture trustee with full and complete access to all 
personnel, books, records, and facilities of the Divestiture Assets. 
Defendants also must provide or develop financial and other information 
relevant to the Divestiture Assets that the divestiture trustee may 
reasonably request. Defendants must not take any action to interfere 
with or to impede the divestiture trustee's accomplishment of the 
divestitures.
    I. The divestiture trustee must maintain complete records of all 
efforts made to sell the Divestiture Assets, including by filing 
monthly reports with the United States and any affected Plaintiff State 
setting forth the divestiture trustee's efforts to accomplish the 
divestitures ordered by this Final Judgment. The reports must include 
the name, address, and telephone number of each person who, during the 
preceding month, made an offer to acquire, expressed an interest in 
acquiring, entered into negotiations to acquire, or was contacted or 
made an inquiry about acquiring any interest in the Divestiture Assets 
and must describe in detail each contact.
    J. If the divestiture trustee has not accomplished the divestitures 
ordered by this Final Judgment within 180 calendar days of appointment, 
the divestiture trustee must promptly provide the United States and any 
affected Plaintiff State with a report setting forth: (1) the 
divestiture trustee's efforts to accomplish the required divestitures; 
(2) the reasons, in the divestiture trustee's judgment, why the 
required divestitures have not been accomplished; and (3) the 
divestiture trustee's recommendations for completing the divestitures. 
Following receipt of that report, the United States may make additional 
recommendations to the Court. The Court thereafter may enter such 
orders as it deems appropriate to carry out the purpose of this Final 
Judgment, which may include extending the trust and the term of the 
divestiture trustee's appointment by a period requested by the United 
States.
    K. The divestiture trustee will serve until divestiture of all 
Divestiture Assets

[[Page 39283]]

is completed or for a term otherwise ordered by the Court.
    L. If the United States determines that the divestiture trustee is 
not acting diligently or in a reasonably cost-effective manner, the 
United States may recommend that the Court appoint a substitute 
divestiture trustee.

VI. Notice of Proposed Divestiture

    A. Within two business days following execution of a definitive 
agreement with an Acquirer to divest any of the Divestiture Assets to 
an Acquirer other than the Acquirer specified in Schedules A, B, and C, 
Defendants or the divestiture trustee, whichever is then responsible 
for effecting the divestitures, must notify the United States and any 
affected Plaintiff State of the proposed divestiture. If the 
divestiture trustee is responsible for completing the divestiture, the 
divestiture trustee also must notify Defendants. The notice must set 
forth the details of the proposed divestiture and list the name, 
address, and telephone number of each person not previously identified 
who offered or expressed an interest in or desire to acquire any 
ownership interest in the Divestiture Assets.
    B. After receipt by the United States and any affected Plaintiff 
State of the notice required by Paragraph VI.A, the United States, 
after consultation with any affected Plaintiff State, may make one or 
more requests to Defendants or the divestiture trustee for additional 
information concerning the proposed divestiture, the proposed Acquirer, 
and other prospective Acquirers. Defendants and the divestiture trustee 
must furnish any additional information requested within 15 calendar 
days of the receipt of each request unless the United States provides 
written agreement to a different period.
    C. Within 45 calendar days after receipt of the notice required by 
Paragraph VI.A or within 20 calendar days after the United States has 
been provided the additional information requested pursuant to 
Paragraph VI.B, whichever is later, the United States will provide 
written notice to Defendants and any divestiture trustee that states 
whether the United States, in its sole discretion, after consultation 
with any affected Plaintiff State, objects to the proposed Acquirer or 
any other aspect of the proposed divestitures. Without written notice 
that the United States does not object, a divestiture may not be 
consummated. If the United States provides written notice that it does 
not object, the divestiture may be consummated, subject only to 
Defendants' limited right to object to the sale under Paragraph V.C of 
this Final Judgment. Upon objection by Defendants pursuant to Paragraph 
V.C, a divestiture by the divestiture trustee may not be consummated 
unless approved by the Court.

VII. Financing

    Defendants may not finance all or any part of any Acquirer's 
purchase of all or part of the Divestiture Assets.

VIII. Asset Preservation and Hold Separate Obligations

    Defendants must take all steps necessary to comply with the Asset 
Preservation/Hold Separate Stipulation and Order entered by the Court.

IX. Affidavits

    A. Within 20 calendar days of entry of the Asset Preservation/Hold 
Separate Stipulation and Order, and every 30 calendar days thereafter 
until the divestitures required by this Final Judgment have been 
completed, each Defendant must deliver to the United States and the 
Plaintiff States an affidavit, signed by each Defendant's Chief 
Development Officer and Chief Legal Officer, describing in reasonable 
detail the fact and manner of that Defendant's compliance with this 
Final Judgment. The United States, in its sole discretion, may approve 
different signatories for the affidavits.
    B. In the event Defendants are attempting to divest the Divestiture 
Assets to an Acquirer other than BrightSpring or Pennant, each 
affidavit required by Paragraph IX.A must include: (1) the name, 
address, and telephone number of each person who, during the preceding 
30 calendar days, made an offer to acquire, expressed an interest in 
acquiring, entered into negotiations to acquire, or was contacted or 
made an inquiry about acquiring, an interest in the Divestiture Assets 
and describe in detail each contact with such persons during that 
period; (2) a description of the efforts Defendants have taken to 
solicit buyers for and complete the sale of the Divestiture Assets and 
to provide required information to prospective Acquirers; and (3) a 
description of any limitations placed by Defendants on information 
provided to prospective Acquirers. Objection by the United States to 
information provided by Defendants to prospective Acquirers must be 
made within 14 calendar days of receipt of the affidavit, except that 
the United States may object at any time if the information set forth 
in the affidavit is not true or complete.
    C. Defendants must keep all records of any efforts made to divest 
the Divestiture Assets and, if applicable, Additional Divestiture 
Assets, until one year after all divestitures required by this Final 
Judgment have been completed.
    D. Within 20 calendar days of entry of the Asset Preservation/Hold 
Separate Stipulation and Order, Defendants must separately deliver to 
the United States and the Plaintiff States an affidavit signed by each 
Defendant's Chief Development Officer and Chief Legal Officer that 
describes in reasonable detail all actions that Defendant has taken and 
all steps that Defendant has implemented on an ongoing basis to comply 
with Section VIII of this Final Judgment. The United States, in its 
sole discretion, may approve different signatories for the affidavits.
    E. If a Defendant makes any changes to actions and steps described 
in affidavits provided pursuant to Paragraph IX.D, the Defendant must, 
within 15 calendar days after any change is implemented, deliver to the 
United States and any affected Plaintiff State an affidavit describing 
those changes.
    F. Defendants must keep all records of any efforts made to comply 
with Section VIII until one year after all divestitures required by 
this Final Judgment have been completed.

X. Appointment of Monitor

    A. Upon application of the United States, which Defendants may not 
oppose, the Court will appoint a monitor selected by the United States 
in its sole discretion, after consultation with Plaintiff States, and 
approved by the Court. Defendants may propose monitor candidates to the 
United States. Once approved, the court-appointed monitor should be 
considered by the United States and Defendants to be an arm and 
representative of the Court.
    B. The monitor will have the power and authority to monitor 
Defendants' compliance with the terms of this Final Judgment and the 
Asset Preservation/Hold Separate Stipulation and Order entered by the 
Court and will have other powers as the Court deems appropriate. The 
monitor will have no responsibility or obligation for the operation of 
the Divestiture Assets or the operation of Defendants' businesses. No 
attorney-client relationship will be formed between Defendants and the 
monitor.
    C. The monitor will have the authority to take such steps as, in 
the judgment of the monitor and the United States, may be necessary to 
accomplish the monitor's responsibilities. The monitor may seek 
information from Defendants' personnel, including in-house counsel, 
compliance personnel,

[[Page 39284]]

and internal auditors. Defendants must establish a policy, annually 
communicated to all employees, that employees may disclose any 
information to the monitor without reprisal for such disclosure. 
Defendants must not retaliate against any employee or third party for 
disclosing information to the monitor.
    D. Defendants may not object to actions taken by the monitor in 
fulfillment of the monitor's responsibilities under any Order of the 
Court on any ground other than malfeasance by the monitor. 
Disagreements between the monitor and Defendants related to the scope 
of the monitor's responsibilities do not constitute malfeasance. 
Objections by Defendants must be conveyed in writing to the United 
States, any affected Plaintiff State, and the monitor within 20 
calendar days of the monitor's action that gives rise to Defendants' 
objection, or the objection is waived.
    E. The monitor will serve at the cost and expense of Defendants 
pursuant to a written agreement, on terms and conditions, including 
confidentiality requirements and conflict of interest certifications, 
approved by the United States in its sole discretion. If the monitor 
and Defendants are unable to reach such a written agreement within 14 
calendar days of the Court's appointment of the monitor, or if the 
United States, in its sole discretion, declines to approve the proposed 
written agreement, the United States, in its sole discretion, may take 
appropriate action, including making a recommendation to the Court, 
which may set the terms and conditions for the monitor's work, 
including compensation, costs, and expenses.
    F. The monitor may hire, at the cost and expense of Defendants, any 
agents and consultants, including investment bankers, attorneys, and 
accountants, that are reasonably necessary in the monitor's judgment to 
assist with the monitor's duties. These agents or consultants will be 
directed by and solely accountable to the monitor and will serve on 
terms and conditions, including confidentiality requirements and 
conflict-of-interest certifications, approved by the United States in 
its sole discretion. Within three business days of hiring any agents or 
consultants, the monitor must provide written notice of the hiring and 
the rate of compensation to Defendants and the United States.
    G. The compensation of the monitor and agents or consultants 
retained by the monitor must be on reasonable and customary terms 
commensurate with the individuals' experience and responsibilities.
    H. The monitor must account for all costs and expenses incurred.
    I. Defendants' failure to promptly pay the monitor's accounted-for 
costs and expenses, including for agents and consultants, will 
constitute a violation of this Final Judgment and may result in 
sanctions ordered by the Court. If Defendants make a timely objection 
in writing to the United States to any part of the monitor's accounted-
for costs and expenses, Defendants must establish an escrow account 
into which Defendants must pay the disputed costs and expenses until 
the dispute is resolved.
    J. Defendants must use best efforts to cooperate fully with the 
monitor and to assist the monitor to monitor Defendants' compliance 
with their obligations under this Final Judgment and the Asset 
Preservation/Hold Separate Stipulation and Order. Subject to reasonable 
protection for trade secrets, other confidential research, development, 
or commercial information, or any applicable privileges, Defendants 
must provide the monitor and agents or consultants retained by the 
monitor with full and complete access to all personnel (current and 
former), agents, consultants, books, records, and facilities as 
reasonably necessary, as determined by the United States in its sole 
discretion, to carry out the monitor's duties. Defendants may not take 
any action to interfere with or to impede accomplishment of the 
monitor's responsibilities.
    K. The monitor must investigate and report on Defendants' 
compliance with this Final Judgment and the Asset Preservation/Hold 
Separate Stipulation and Order, including (i) whether each of the 
Divestiture Assets has been divested in the time periods set forth in 
Paragraph IV.A and, if applicable, IV.B; (ii) Defendants' and 
Acquirers' efforts to obtain Merger Clearances; (iii) Defendants' and 
Acquirers' efforts to obtain Regulatory Approval(s) and Additional 
Regulatory Approval(s), including as set forth in Paragraph IV.C; (iv) 
Defendants' efforts to migrate the data contained in the Divestiture 
Assets' instance(s) of Homecare Homebase or any other electronic 
medical record, billing, financial, or employee management system from 
Defendants' systems to the Acquirers' respective systems, and (v) 
whether Defendants have complied with their obligations under 
Paragraphs IV.C-F, and IV.K-Q.
    L. The monitor must provide periodic reports to the United States 
and any affected Plaintiff State setting forth Defendants' efforts to 
comply with their obligations under this Final Judgment and under the 
Asset Preservation/Hold Separate Stipulation and Order. The United 
States, in its sole discretion, will set the frequency of the monitor's 
reports, but, at minimum, the monitor must provide reports every 90 
calendar days.
    M. Within 30 calendar days after appointment of the monitor by the 
Court, and on a yearly basis thereafter, the monitor must provide to 
the United States and Defendants a proposed written work plan 
consistent with the monitor's responsibilities as set forth in this 
Section X. Defendants may provide comments on the proposed written work 
plan to the United States and the monitor within 14 calendar days after 
receipt, after which the monitor must produce a final work plan to the 
United States and Defendants, for approval by the United States in its 
sole discretion. Any disputes between Defendants and the monitor with 
respect to any written work plan will be decided by the United States 
in its sole discretion. The United States retains the right, in its 
sole discretion, to require changes or additions to a work plan at any 
time.
    N. The monitor may communicate ex parte with the Court when, in the 
monitor's judgment, such communication is reasonably necessary to the 
monitor's duties under this Final Judgment, including if Defendants 
fail to pay the monitor's costs and expenses in a timely manner or 
otherwise violate this Final Judgment.
    O. With respect to the Divestiture Assets listed in Schedule A, the 
monitor will serve until 90 calendar days after the completion of all 
Regulatory Approvals. With respect to the Divestiture Assets listed in 
Schedule B, the monitor will serve until 90 calendar days after the 
later of the completion of (1) all Additional Regulatory Approvals, or 
(2) the divestiture of any Additional Divestiture Assets. The United 
States, in its sole discretion, may determine if a shorter period is 
appropriate.
    P. If the United States determines that the monitor is not acting 
diligently or in a reasonably cost-effective manner, or if the monitor 
resigns or becomes unable to accomplish the monitor's duties, the 
United States may recommend that the Court appoint a substitute.

XI. Compliance Inspection

    A. For the purposes of determining or securing compliance with this 
Final Judgment or of related orders such as the Asset Preservation/Hold 
Separate Stipulation and Order or of determining whether this Final 
Judgment should be modified or vacated, upon the written request of an 
authorized representative of the Assistant Attorney General for the 
Antitrust Division and reasonable notice

[[Page 39285]]

to Defendants, Defendants must permit, from time to time and subject to 
legally recognized privileges, authorized representatives, including 
agents retained by the United States:
    1. to have access during Defendants' business hours to inspect and 
copy, or at the option of the United States, to require Defendants to 
provide electronic copies of all books, ledgers, accounts, records, 
data, and documents, wherever located, in the possession, custody, or 
control of Defendants relating to any matters contained in this Final 
Judgment; and
    2. to interview, either informally or on the record, Defendants' 
officers, employees, or agents, wherever located, who may have their 
individual counsel present, relating to any matters contained in this 
Final Judgment. The interviews must be subject to the reasonable 
convenience of the interviewee and without restraint or interference by 
Defendants.
    B. Upon the written request of an authorized representative of the 
Assistant Attorney General for the Antitrust Division, Defendants must 
submit written reports or respond to written interrogatories, under 
oath if requested, relating to any matters contained in this Final 
Judgment.

XII. Firewalls

    A. Defendants must implement and maintain effective procedures to 
prevent Acquirers' competitively sensitive information from being 
shared or disclosed, by or through implementation and execution of the 
obligations required by this Final Judgment and any associated 
agreements, including agreements entered pursuant to Paragraph IV.Q, by 
the employees of Defendants tasked with providing transition services 
to Acquirers (collectively ``Firewall Employees'') and any other 
employees of Defendants.
    B. Defendants must, within 30 calendar days of the entry of the 
Asset Preservation/Hold Separate Stipulation and Order, submit to the 
United States and the Plaintiff States a compliance plan setting forth 
in detail the procedures Defendants propose to implement to effect 
compliance with this Section XII. The United States must inform 
Defendants within 10 business days of receipt whether, in its sole 
discretion, the United States approves or rejects Defendants' 
compliance plan. Within 10 business days of receiving a notice of 
rejection, Defendants must submit a revised compliance plan. The United 
States may request that the Court determine whether Defendants' 
proposed compliance plan fulfills the requirements of this Section XII.
    C. At minimum, an effective compliance plan must include, for all 
Firewall Employees, prior to rendering services under any transition 
services contract, (1) initial written notice, followed by quarterly 
written reminders, (2) initial training, followed by training on a 
yearly basis, (3) provision of written acknowledgment of the 
obligations of this Section XII, (4) policies and technical controls 
prohibiting any employee of Defendants with any management, strategy, 
sales, or network negotiation responsibilities (wherever located at 
Defendants) from accessing or using data relating to the Divestiture 
Assets, (5) technical controls segregating data relating to the 
Divestiture Assets from data relating to any other home health or 
hospice agencies owned or controlled by Defendants, and (6) electronic 
logs tracking the access or downloading of any data relating to the 
Divestiture Assets. Defendants must maintain these electronic logs 
tracking the access or downloading of any data relating to the 
Divestiture Assets for four years after rendering the last services 
under any transition services contract. The form of all written 
notifications or policies must be approved by the United States in its 
sole discretion.
    D. Defendants must maintain complete records of all written 
notices, permission and access logs, training employee acknowledgments, 
and all other efforts made to comply with this Section XII for four 
years following the completion of all divestitures required by this 
Final Judgment.
    E. Defendants' obligations under this Section XII will expire at 
the completion of the Defendants' obligations under Paragraph IV.Q, 
except that (i) Defendants' obligations under Paragraph XII.D continue 
for the period described in that Paragraph and (ii) Defendants' 
obligations under Paragraph XII.A will continue until Defendants 
certify in writing to the United States and any affected Plaintiff 
State that all of Acquirers' competitively sensitive information 
received by Defendants has either been destroyed (consistent with 
applicable law) or returned to Acquirers or is no longer readily 
accessible to employees of Defendants in the ordinary course of 
business (e.g., information is on backup tapes).

XIII. No Reacquisition

    Defendants may not reacquire any part of or any interest in the 
Divestiture Assets during the term of this Final Judgment without prior 
written authorization of the United States.

XIV. Section 7A Civil Penalties and Antitrust Compliance Training

    A. As satisfaction for the United States' claim under section 7A 
(15 U.S.C. 18a) against Defendant Amedisys, within 30 days of entry of 
this Final Judgment, Amedisys must pay to the United States a civil 
penalty in the amount of one million one hundred thousand dollars 
($1,100,000). Amedisys must also, within 365 calendar days of the 
Court's entry of the Asset Preservation/Hold Separate Stipulation and 
Order, conduct antitrust compliance training, the form and content of 
which must be approved by the United States in its sole discretion, for 
(i) Amedisys's corporate leadership (comprising the Chief Executive 
Officer, Chief Financial Officer, Chief Operating Officer, Chief People 
Officer, Chief Information Officer, Chief Compliance Officer, Chief 
Strategy Officer, and Chief Legal Officer) and their direct reports; 
and (ii) Amedisys's field leadership for all lines of business 
(comprising the Vice Presidents, Senior Vice Presidents, and 
Presidents). Within 370 calendar days of entry of the Asset 
Preservation/Hold Separate Stipulation and Order, the Chief Legal 
Officer of UnitedHealth must submit an affidavit certifying compliance 
with this training requirement. The United States, in its sole 
discretion, may approve a different signatory for the affidavit. 
Payment of the civil penalty must be made by wire transfer of funds or 
cashier's check. Prior to making a wire transfer, Defendant must 
contact the Budget and Fiscal Section of the Antitrust Division's 
Executive Office at [email protected] for instructions. 
A payment made by cashier's check, must be made payable to the: United 
States Department of Justice--Antitrust Division and delivered to: 
Chief, Budget & Fiscal Section, Executive Office, Antitrust Division, 
United States Department of Justice, Liberty Square Building, 450 5th 
Street NW, Room 3016, Washington, DC 20530.
    B. In the event of a default or delay in payment, interest at the 
rate of 18 percent per annum will accrue from the date of the default 
to the date of payment.

XV. Public Disclosure

    A. No information or documents obtained pursuant to any provision 
in this Final Judgment, including reports the monitor provides to the 
United States and the Plaintiff States pursuant to Paragraphs X.K and 
X.L, may be

[[Page 39286]]

divulged by the United States, the Plaintiff States, or the monitor to 
any person other than an authorized representative of the executive 
branch of the United States, except in the course of legal proceedings 
to which the United States or the Plaintiff States are a party, 
including grand-jury proceedings, for the purpose of evaluating a 
proposed Acquirer or securing compliance with this Final Judgment, or 
as otherwise required by law.
    B. In the event that the monitor receives a subpoena, court order, 
or other court process seeking or requiring production of information 
or documents obtained pursuant to any provision in this Final Judgment, 
including reports the monitor provides to the United States and the 
Plaintiff States pursuant to Paragraphs X.K and X.L, the monitor must 
notify the United States, the Plaintiff States, and Defendants 
immediately and prior to any disclosure, so that Defendants may address 
such potential disclosure and, if necessary, pursue alternative legal 
remedies, including if deemed appropriate by Defendants, intervention 
in the relevant proceedings.
    C. In the event of a request by a third party, pursuant to the 
Freedom of Information Act, 5 U.S.C. 552 or similar state disclosure 
laws, for disclosure of information obtained pursuant to any provision 
of this Final Judgment, the United States will act in accordance with 
that statute and the Department of Justice regulations at 28 CFR part 
16, including the provision on confidential commercial information at 
28 CFR 16.7, and the Plaintiff States will act in accordance with their 
applicable disclosure laws. Defendants submitting information to the 
Antitrust Division or the Plaintiff States should designate the 
confidential commercial information portions of all applicable 
documents and information under 28 CFR 16.7. Designations of 
confidentiality expire 10 years after submission, ``unless the 
submitter requests and provides justification for a longer designation 
period.'' See 28 CFR 16.7(b).
    D. If at the time that Defendants furnish information or documents 
to the United States or the Plaintiff States pursuant to any provision 
of this Final Judgment, Defendants represent and identify in writing 
information or documents for which a claim of protection may be 
asserted under Rule 26(c)(1)(G) of the Federal Rules of Civil 
Procedure, and Defendants mark each pertinent page of such material, 
``Subject to claim of protection under Rule 26(c)(1)(G) of the Federal 
Rules of Civil Procedure,'' the United States and the Plaintiff States 
must give Defendants 10 calendar days' notice before divulging the 
material in any legal proceeding (other than a grand jury proceeding).

XVI. Retention of Jurisdiction

    The Court retains jurisdiction to enable any party to this Final 
Judgment to apply to the Court at any time for further orders and 
directions as may be necessary or appropriate to carry out or construe 
this Final Judgment, to modify any of its provisions, to enforce 
compliance, and to punish violations of its provisions.

XVII. Enforcement of Final Judgment

    A. The United States, or the Plaintiff States with respect to 
Divestiture Assets located in their respective states, retains and 
reserves all rights to enforce the provisions of this Final Judgment, 
including the right to seek an order of contempt from the Court. In a 
civil contempt action, a motion to show cause, or a similar action 
brought by the United States or any affected Plaintiff State relating 
to an alleged violation of this Final Judgment, the United States or 
any affected Plaintiff State may establish a violation of this Final 
Judgment and the appropriateness of a remedy therefor by a 
preponderance of the evidence, and Defendants waive any argument that a 
different standard of proof should apply.
    B. The Final Judgment should be interpreted to give full effect to 
the procompetitive purposes of Section 7 of the Clayton Act and Section 
7A of the Clayton Act and Regulations promulgated thereunder. 
Defendants may be held in contempt of, and the Court may enforce, any 
provision of this Final Judgment that, as interpreted by the Court in 
light of these procompetitive principles and applying ordinary tools of 
interpretation, is stated specifically and in reasonable detail. In any 
such interpretation, the terms of this Final Judgment should not be 
construed against any party as the drafter. As stated in Paragraph X.B, 
the monitor overseeing the Defendants' compliance with the terms of 
this Final Judgment and the Asset Preservation/Hold Separate 
Stipulation and Order will have no responsibility or obligation for the 
operation of the Divestiture Assets or the operation of Defendants' 
businesses.
    C. In an enforcement proceeding in which the Court finds that 
Defendants have violated this Final Judgment, the United States may 
apply to the Court for an extension of this Final Judgment, together 
with other relief that may be appropriate. In connection with a 
successful effort by the United States or any affected Plaintiff State 
to enforce this Final Judgment against a Defendant, whether litigated 
or resolved before litigation, that Defendant must reimburse the United 
States or any affected Plaintiff State for the fees and expenses of its 
attorneys, as well as all other costs including experts' fees, incurred 
in connection with that effort to enforce this Final Judgment, 
including during the investigation of the potential violation.
    D. For a period of four years following the expiration of this 
Final Judgment, if the United States has evidence that a Defendant 
violated this Final Judgment before it expired, the United States may 
file an action against that Defendant in this Court requesting that the 
Court order: (1) Defendant to comply with the terms of this Final 
Judgment for an additional term of at least four years following the 
filing of the enforcement action; (2) all appropriate contempt 
remedies; (3) additional relief needed to ensure the Defendant complies 
with the terms of this Final Judgment; and (4) fees or expenses as 
called for by this Section XVII.

XVIII. Expiration of Final Judgment

    Unless the Court grants an extension, this Final Judgment will 
expire 10 years from the date of its entry, except that after five 
years from the date of its entry, this Final Judgment may be terminated 
upon notice by the United States to the Court, Defendants, and the 
Plaintiff States that the divestitures have been completed and 
continuation of this Final Judgment is no longer necessary or in the 
public interest.

XIX. Reservation of Rights

    This Final Judgment terminates only the claims stated in the 
Complaint against Defendants and does not affect other charges or 
claims the United States or the Plaintiff States may file.

XX. Public Interest Determination

    The parties have complied with the requirements of the Antitrust 
Procedures and Penalties Act, 15 U.S.C. 16, including by making 
available to the public copies of this Final Judgment and the 
Competitive Impact Statement, public comments thereon, and any response 
to comments by the United States. Based upon the record before the 
Court, which includes the Competitive Impact Statement and, if 
applicable, any comments and response to comments

[[Page 39287]]

filed with the Court, entry of this Final Judgment is in the public 
interest.

Date:------------------------------------------------------------------

[Court approval subject to procedures of Antitrust Procedures and 
Penalties Act, 15 U.S.C. 16]

-----------------------------------------------------------------------
United States District Judge

                                                   Schedule A
----------------------------------------------------------------------------------------------------------------
           Service line                   CCN        CMS Branch ID         Address                Acquirer
----------------------------------------------------------------------------------------------------------------
1. Hospice........................          011662             N/A  1706 HIGHWAY 78 E      Pennant.
                                                                     JASPER, AL 35501.
2. Home Health....................          017014      01Q7014000  1979 AL HWY. 157,      Brightspring.
                                                                     CULLMAN, AL 35058.
3. Home Health....................          017020      01Q7020000  3262 OLD SHELL ROAD,   Pennant.
                                                                     SUITE B, MOBILE, AL
                                                                     36607.
4. Home Health....................          017037      01Q7037000  400 S UNION STREET,    Brightspring.
                                                                     SUITE 285,
                                                                     MONTGOMERY, AL 36104.
5. Home Health....................          017039      01Q7039000  400 MERIDIAN STREET,   Brightspring.
                                                                     SUITE 100,
                                                                     HUNTSVILLE, AL 35801.
6. Home Health....................          017069      01Q7069000  200 W LAUREL AVENUE,   Pennant.
                                                                     SUITE 210, FOLEY, AL
                                                                     36535.
7. Home Health....................          017069      01Q7069001  107 NORTH HOYLE        Pennant.
                                                                     AVENUE, BAY MINETTE,
                                                                     AL 36507.
8. Home Health....................          017072      01Q7072000  525 GREENVILLE         Brightspring.
                                                                     BYPASS, GREENVILLE,
                                                                     AL 36037.
9. Home Health....................          017085      01Q7085000  640 W FORT WILLIAMS    Brightspring.
                                                                     STREET, SUITE A,
                                                                     SYLACAUGA, AL 35150.
10. Home Health...................          017086      01Q7086000  15 CLAIBORNE STREET,   Brightspring.
                                                                     SUITE C, CAMDEN, AL
                                                                     36726.
11. Home Health...................          017088      01Q7088000  102 2ND AVENUE SE,     Brightspring.
                                                                     FAYETTE, AL 35555.
12. Home Health...................          017094      01Q7094000  104C NORTHWOOD DR.,    Brightspring.
                                                                     SUITE A-1, CENTRE,
                                                                     AL 35960.
13. Home Health...................          017097      01Q7097000  83825 HIGHWAY 9,       Brightspring.
                                                                     ASHLAND, AL 36251.
14. Home Health...................          017100      01Q7100000  234 1ST AVENUE SW,     Brightspring.
                                                                     SUITE 2, HAMILTON,
                                                                     AL 35570.
15. Home Health...................          017107      01Q7107000  222-224 7TH STREET     Brightspring.
                                                                     SOUTH, CLANTON, AL
                                                                     35045.
16. Home Health...................          017115      01Q7115000  300 MEDICAL CENTER     Brightspring.
                                                                     DRIVE, SUITE 102,
                                                                     GADSDEN, AL 35903.
17. Home Health...................          017118      01Q7118000  14765 COURT STREET,    Brightspring.
                                                                     MOULTON, AL 35650.
18. Home Health...................          017123      01Q7123000  1806 44TH STREET,      Brightspring.
                                                                     VALLEY, AL 36854.
19. Home Health...................          017129      01Q7129000  2178 MOORES MILL       Brightspring.
                                                                     ROAD, AUBURN, AL
                                                                     36830.
20. Home Health...................          017158      01Q7158000  124 MCCURDY AVE. S,    Brightspring.
                                                                     SUITE C, RAINSVILLE,
                                                                     AL 35986.
21. Home Health...................          017159      01Q7159000  2560 COUNTY ROAD 112,  Brightspring.
                                                                     DOTHAN, AL 36303.
22. Home Health...................          017163      01Q7163000  15 MAYFIELD STREET,    Brightspring.
                                                                     MONROEVILLE, AL
                                                                     36460.
23. Home Health...................          017165      01Q7165000  412 S COURT STREET,    Brightspring.
                                                                     SUITE 403, FLORENCE,
                                                                     AL 35630.
24. Home Health...................          017327      01Q7327000  1301 HIGHWAY 78 E,     Brightspring.
                                                                     SUITE E & D, JASPER,
                                                                     AL 35501.
25. Home Health...................          017328      01Q7328000  2554 DOUGLAS AVENUE,   Brightspring.
                                                                     BREWTON, AL 36426.
26. Home Health...................          047056      04Q7056000  307 W STILLWELL        Brightspring.
                                                                     AVENUE, DEQUEEN, AR
                                                                     71832.
27. Home Health...................          047057      04Q7057000  404 LLAMA DRIVE,       Brightspring.
                                                                     SEARCY, AR 72143.
28. Home Health...................          047057      04Q7057001  10800 FINANCIAL        Brightspring.
                                                                     CENTER PKWY, SUITE
                                                                     485, LITTLE ROCK, AR
                                                                     72211.
29. Home Health...................          047080      04Q7080000  2236 HARRISON STREET,  Brightspring.
                                                                     BATESVILLE, AR 72501.
30. Home Health...................          047108      04Q7108000  1103 E MAIN ST.,       Brightspring.
                                                                     SUITE C, MOUNTAIN
                                                                     VIEW, AR 72560.
31. Home Health...................          108168      10Q8168000  8880 UNIVERSITY        Brightspring.
                                                                     PARKWAY, SUITE B,
                                                                     PENSACOLA, FL 32514.
32. Home Health...................          117010      11Q7010000  101 E 2ND AVENUE,      Brightspring.
                                                                     SUITE 200, ROME, GA
                                                                     30161.
33. Home Health...................          117010      11Q7010001  117 JOHN PHILLIPS      Brightspring.
                                                                     ROAD, CEDARTOWN, GA
                                                                     30125.
34. Home Health...................          117010      11Q7010002  10891 COMMERCE ST,     Brightspring.
                                                                     SUITE A,
                                                                     SUMMERVILLE, GA
                                                                     30747.
35. Home Health...................          117010      11Q7010003  162 W MAIN STREET,     Brightspring.
                                                                     SUITE 302,
                                                                     CARTERSVILLE, GA
                                                                     30120.
36. Home Health...................          117025      11Q7025000  4106 COLUMBIA ROAD,    Brightspring.
                                                                     SUITE 202, MARTINEZ,
                                                                     GA 30907.
37. Home Health...................          117053      11Q7053000  1105 PLAZA AVENUE,     Brightspring.
                                                                     SUITE A, EASTMAN, GA
                                                                     31023.
38. Home Health...................          117053      11Q7053002  145 E PEACOCK STREET,  Brightspring.
                                                                     SUITE 3, COCHRAN, GA
                                                                     31014.
39. Home Health...................          117053      11Q7053003  205 INDUSTRIAL         Brightspring.
                                                                     BOULEVARD, DUBLIN,
                                                                     GA 31021.
40. Home Health...................          117068      11Q7068000  1101 N LIBERTY         Brightspring.
                                                                     STREET, WAYNESBORO,
                                                                     GA 30830.
41. Home Health...................          117068      11Q7068001  632 FERNCREST DRIVE,   Brightspring.
                                                                     SANDERSVILLE, GA
                                                                     31082.
42. Home Health...................          117087      11Q7087000  1221 W 4TH ST, STE 7,  Pennant.
                                                                     ADEL, GA 31620.
43. Home Health...................          117087      11Q7087002  515 NORTH SAINT        Pennant.
                                                                     AUGUSTINE ROAD,
                                                                     SUITES E & F,
                                                                     VALDOSTA, GA 31601.
44. Home Health...................          117101      11Q7101000  157 ADAMS DRIVE,       Brightspring.
                                                                     DEMOREST, GA 30535.
45. Home Health...................          117105      11Q7105000  320 LANIER AVE. W,     Brightspring.
                                                                     SUITES 240 & 250,
                                                                     FAYETTEVILLE, GA
                                                                     30214.
46. Home Health...................          117105      11Q7105001  2927 ETHERIDGE MILL    Brightspring.
                                                                     RD, GRIFFIN, GA
                                                                     30224.
47. Home Health...................          117123      11Q7123000  115 NORTHWEST MAIN     Brightspring.
                                                                     STREET, VIDALIA, GA
                                                                     30474.
48. Home Health...................          117135      11Q7135000  1760 BASS ROAD, SUITE  Brightspring.
                                                                     103, MACON, GA 31210.
49. Home Health...................          117135      11Q7135001  470 SOUTH HOUSTON      Brightspring.
                                                                     LAKE ROAD, SUITE B,
                                                                     WARNER ROBINS, GA
                                                                     31088.
50. Home Health...................          117135      11Q7135002  116 WRIGHTS DRIVE,     Brightspring.
                                                                     MILLEDGEVILLE, GA
                                                                     31061.
51. Home Health...................          117142      11Q7142000  1710 BOULEVARD         Brightspring.
                                                                     SQUARE, SUITE C,
                                                                     WAYCROSS, GA 31501.
52. Home Health...................          117153      11Q7153000  2131 & 2133 PACE       Brightspring.
                                                                     STREET, COVINGTON,
                                                                     GA 30014.
53. Home Health...................          117156      11Q7156000  915 INTERSTATE RIDGE   Brightspring.
                                                                     DRIVE, SUITE A1,
                                                                     GAINESVILLE, GA
                                                                     30501.
54. Home Health...................          117158      11Q7158000  9 PARK OF COMMERCE     Brightspring.
                                                                     BLVD., SUITE 201,
                                                                     SAVANNAH, GA 31405.
55. Home Health...................          117308      11Q7308000  136 REMCO SHOPS LANE,  Brightspring.
                                                                     RINGGOLD, GA 30736.
56. Home Health...................          117316      11Q7316000  302 WESTSIDE DRIVE,    Brightspring.
                                                                     DOUGLAS, GA 31533.
57. Home Health...................          117317      11Q7317000  664 SCRANTON ROAD,     Brightspring.
                                                                     SUITE 204,
                                                                     BRUNSWICK, GA 31520.
58. Home Health...................          117318      11Q7318000  1200 BROOKSTONE        Brightspring.
                                                                     CENTRE PARKWAY,
                                                                     SUITE 210, COLUMBUS,
                                                                     GA 31904.

[[Page 39288]]

 
59. Home Health...................          117318      11Q7318002  300 WEST BROOME        Brightspring.
                                                                     STREET, SUITE 108,
                                                                     LAGRANGE, GA 30240.
60. Home Health...................          148004      14Q8004000  1901 FRANK SCOTT       Brightspring.
                                                                     PKWY., SUITE 4,
                                                                     O'FALLON, IL 62269.
61. Home Health...................          157221      15Q7221000  303 QUARTERMASTER      Brightspring.
                                                                     COURT,
                                                                     JEFFERSONVILLE, IN
                                                                     47130.
62. Home Health...................          157583      15Q7583000  2200 LAKE AVE., SUITE  Brightspring.
                                                                     150, FORT WAYNE, IN
                                                                     46805.
63. Home Health...................          187059      18Q7059000  13101 MAGISTERIAL      Brightspring.
                                                                     DRIVE, SUITE 101,
                                                                     LOUISVILLE, KY 40223.
64. Home Health...................          187093      18Q7093000  101 BRUCE              Brightspring.
                                                                     PROFESSIONAL PLAZA,
                                                                     MOUNT STERLING, KY
                                                                     40353.
65. Home Health...................          187119      18Q7119000  937 CAMPBELLSVILLE     Brightspring.
                                                                     ROAD, SUITE 903,
                                                                     COLUMBIA, KY 42728.
66. Home Health...................          187119      18Q7119004  1724 ROCKINGHAM        Brightspring.
                                                                     AVENUE, SUITE 300,
                                                                     BOWLING GREEN, KY
                                                                     42104.
67. Home Health...................          187119      18Q7119005  1332 NORTH RACE        Brightspring.
                                                                     STREET, GLASGOW, KY
                                                                     42141.
68. Home Health...................          187119      18Q7119006  124 FOOTHILLS AVENUE,  Brightspring.
                                                                     ALBANY, KY 42602.
69. Home Health...................          187119      18Q7119007  102 SOUTH MAIN         Brightspring.
                                                                     STREET, GREENSBURG,
                                                                     KY 42743.
70. Home Health...................          187119      18Q7119009  40 TURPEN COURT,       Brightspring.
                                                                     SUITE A, SOMERSET,
                                                                     KY 42503.
71. Home Health...................          187119      18Q7119010  175 WEST BEAR TRACK    Brightspring.
                                                                     ROAD,
                                                                     CAMPBELLSVILLE, KY
                                                                     42718.
72. Home Health...................          187119      18Q7119015  1690 RING ROAD, SUITE  Brightspring.
                                                                     200, ELIZABETHTOWN,
                                                                     KY 42701.
73. Home Health...................          187143      18Q7143000  9000 WESSEX PLACE,     Brightspring.
                                                                     SUITE 304,
                                                                     LOUISVILLE, KY 40222.
74. Home Health...................          187163      18Q7163000  2480 FORTUNE DRIVE,    Brightspring.
                                                                     SUITE 120,
                                                                     LEXINGTON, KY 40509.
37. Home Health...................          117053      11Q7053000  1105 PLAZA AVENUE,     Brightspring.
                                                                     SUITE A, EASTMAN, GA
                                                                     31023.
38. Home Health...................          117053      11Q7053002  145 E. PEACOCK         Brightspring.
                                                                     STREET, SUITE 3,
                                                                     COCHRAN, GA 31014.
39. Home Health...................          117053      11Q7053003  205 INDUSTRIAL         Brightspring.
                                                                     BOULEVARD, DUBLIN,
                                                                     GA 31021.
40. Home Health...................          117068      11Q7068000  1101 N. LIBERTY        Brightspring.
                                                                     STREET, WAYNESBORO,
                                                                     GA 30830.
41. Home Health...................          117068      11Q7068001  632 FERNCREST DRIVE,   Brightspring.
                                                                     SANDERSVILLE, GA
                                                                     31082.
42. Home Health...................          117087      11Q7087000  1221 W. 4TH ST., STE.  Pennant.
                                                                     7, ADEL, GA 31620.
43. Home Health...................          117087      11Q7087002  515 NORTH SAINT        Pennant.
                                                                     AUGUSTINE ROAD,
                                                                     SUITES E & F,
                                                                     VALDOSTA, GA 31601.
44. Home Health...................          117101      11Q7101000  157 ADAMS DRIVE,       Brightspring.
                                                                     DEMOREST, GA 30535.
45. Home Health...................          117105      11Q7105000  320 LANIER AVE. W,     Brightspring.
                                                                     SUITES 240 & 250,
                                                                     FAYETTEVILLE, GA
                                                                     30214.
46. Home Health...................          117105      11Q7105001  2927 ETHERIDGE MILL    Brightspring.
                                                                     RD, GRIFFIN, GA
                                                                     30224.
47. Home Health...................          117123      11Q7123000  115 NORTHWEST MAIN     Brightspring.
                                                                     STREET, VIDALIA, GA
                                                                     30474.
48. Home Health...................          117135      11Q7135000  1760 BASS ROAD, SUITE  Brightspring.
                                                                     103, MACON, GA 31210.
49. Home Health...................          117135      11Q7135001  470 SOUTH HOUSTON      Brightspring.
                                                                     LAKE ROAD, SUITE B,
                                                                     WARNER ROBINS, GA
                                                                     31088.
50. Home Health...................          117135      11Q7135002  116 WRIGHTS DRIVE,     Brightspring.
                                                                     MILLEDGEVILLE, GA
                                                                     31061.
51. Home Health...................          117142      11Q7142000  1710 BOULEVARD         Brightspring.
                                                                     SQUARE, SUITE C,
                                                                     WAYCROSS, GA 31501.
52. Home Health...................          117153      11Q7153000  2131 & 2133 PACE       Brightspring.
                                                                     STREET, COVINGTON,
                                                                     GA 30014.
53. Home Health...................          117156      11Q7156000  915 INTERSTATE RIDGE   Brightspring.
                                                                     DRIVE, SUITE A1,
                                                                     GAINESVILLE, GA
                                                                     30501.
54. Home Health...................          117158      11Q7158000  9 PARK OF COMMERCE     Brightspring.
                                                                     BLVD., SUITE 201,
                                                                     SAVANNAH, GA 31405.
55. Home Health...................          117308      11Q7308000  136 REMCO SHOPS LANE,  Brightspring.
                                                                     RINGGOLD, GA 30736.
56. Home Health...................          117316      11Q7316000  302 WESTSIDE DRIVE,    Brightspring.
                                                                     DOUGLAS, GA 31533.
57. Home Health...................          117317      11Q7317000  664 SCRANTON ROAD,     Brightspring.
                                                                     SUITE 204,
                                                                     BRUNSWICK, GA 31520.
58. Home Health...................          117318      11Q7318000  1200 BROOKSTONE        Brightspring.
                                                                     CENTRE PARKWAY,
                                                                     SUITE 210, COLUMBUS,
                                                                     GA 31904.
59. Home Health...................          117318      11Q7318002  300 WEST BROOME        Brightspring.
                                                                     STREET, SUITE 108,
                                                                     LAGRANGE, GA 30240.
60. Home Health...................          148004      14Q8004000  1901 FRANK SCOTT       Brightspring.
                                                                     PKWY., SUITE 4,
                                                                     O'FALLON, IL 62269.
61. Home Health...................          157221      15Q7221000  303 QUARTERMASTER      Brightspring.
                                                                     COURT,
                                                                     JEFFERSONVILLE, IN
                                                                     47130.
62. Home Health...................          157583      15Q7583000  2200 LAKE AVE., SUITE  Brightspring.
                                                                     150, FORT WAYNE, IN
                                                                     46805.
63. Home Health...................          187059      18Q7059000  13101 MAGISTERIAL      Brightspring.
                                                                     DRIVE, SUITE 101,
                                                                     LOUISVILLE, KY 40223.
64. Home Health...................          187093      18Q7093000  101 BRUCE              Brightspring.
                                                                     PROFESSIONAL PLAZA,
                                                                     MOUNT STERLING, KY
                                                                     40353.
65. Home Health...................          187119      18Q7119000  937 CAMPBELLSVILLE     Brightspring.
                                                                     ROAD, SUITE 903,
                                                                     COLUMBIA, KY 42728.
66. Home Health...................          187119      18Q7119004  1724 ROCKINGHAM        Brightspring.
                                                                     AVENUE, SUITE 300,
                                                                     BOWLING GREEN, KY
                                                                     42104.
67. Home Health...................          187119      18Q7119005  1332 NORTH RACE        Brightspring.
                                                                     STREET, GLASGOW, KY
                                                                     42141.
68. Home Health...................          187119      18Q7119006  124 FOOTHILLS AVENUE,  Brightspring.
                                                                     ALBANY, KY 42602.
69. Home Health...................          187119      18Q7119007  102 SOUTH MAIN         Brightspring.
                                                                     STREET, GREENSBURG,
                                                                     KY 42743.
70. Home Health...................          187119      18Q7119009  40 TURPEN COURT,       Brightspring.
                                                                     SUITE A, SOMERSET,
                                                                     KY 42503.
71. Home Health...................          187119      18Q7119010  175 WEST BEAR TRACK    Brightspring.
                                                                     ROAD,
                                                                     CAMPBELLSVILLE, KY
                                                                     42718.
72. Home Health...................          187119      18Q7119015  1690 RING ROAD, SUITE  Brightspring.
                                                                     200, ELIZABETHTOWN,
                                                                     KY 42701.
73. Home Health...................          187143      18Q7143000  9000 WESSEX PLACE,     Brightspring.
                                                                     SUITE 304,
                                                                     LOUISVILLE, KY 40222.
74. Home Health...................          187163      18Q7163000  2480 FORTUNE DRIVE,    Brightspring.
                                                                     SUITE 120,
                                                                     LEXINGTON, KY 40509.
63. Home Health...................          187059      18Q7059000  13101 MAGISTERIAL      Brightspring.
                                                                     DRIVE, SUITE 101,
                                                                     LOUISVILLE, KY 40223.
64. Home Health...................          187093      18Q7093000  101 BRUCE              Brightspring.
                                                                     PROFESSIONAL PLAZA,
                                                                     MOUNT STERLING, KY
                                                                     40353.
65. Home Health...................          187119      18Q7119000  937 CAMPBELLSVILLE     Brightspring.
                                                                     ROAD, SUITE 903,
                                                                     COLUMBIA, KY 42728.

[[Page 39289]]

 
66. Home Health...................          187119      18Q7119004  1724 ROCKINGHAM        Brightspring.
                                                                     AVENUE, SUITE 300,
                                                                     BOWLING GREEN, KY
                                                                     42104.
67. Home Health...................          187119      18Q7119005  1332 NORTH RACE        Brightspring.
                                                                     STREET, GLASGOW, KY
                                                                     42141.
68. Home Health...................          187119      18Q7119006  124 FOOTHILLS AVENUE,  Brightspring.
                                                                     ALBANY, KY 42602.
69. Home Health...................          187119      18Q7119007  102 SOUTH MAIN         Brightspring.
                                                                     STREET, GREENSBURG,
                                                                     KY 42743.
70. Home Health...................          187119      18Q7119009  40 TURPEN COURT,       Brightspring.
                                                                     SUITE A, SOMERSET,
                                                                     KY 42503.
71. Home Health...................          187119      18Q7119010  175 WEST BEAR TRACK    Brightspring.
                                                                     ROAD,
                                                                     CAMPBELLSVILLE, KY
                                                                     42718.
72. Home Health...................          187119      18Q7119015  1690 RING ROAD, SUITE  Brightspring.
                                                                     200, ELIZABETHTOWN,
                                                                     KY 42701.
73. Home Health...................          187143      18Q7143000  9000 WESSEX PLACE,     Brightspring.
                                                                     SUITE 304,
                                                                     LOUISVILLE, KY 40222.
74. Home Health...................          187163      18Q7163000  2480 FORTUNE DRIVE,    Brightspring.
                                                                     SUITE 120,
                                                                     LEXINGTON, KY 40509.
75. Home Health...................          187168      18Q7168000  2200 EAST PARRISH      Brightspring.
                                                                     AVENUE, SUITE 103E,
                                                                     OWENSBORO, KY 42303.
76. Home Health...................          187171      18Q7171000  833 VALLEY COLLEGE     Brightspring.
                                                                     DRIVE, SUITE 5,
                                                                     LOUISVILLE, KY 40272.
77. Home Health...................          187302      18Q7302000  1539 GREENUP AVE.,     Brightspring.
                                                                     SUITE 503, ASHLAND,
                                                                     KY 41101.
78. Hospice.......................          191534             N/A  4017 COMMON STREET,    Brightspring.
                                                                     LAKE CHARLES, LA
                                                                     70607.
79. Home Health...................          217045      21Q7045000  134 INDUSTRY LANE,     Brightspring.
                                                                     SUITE 3, FOREST
                                                                     HILL, MD 21050.
80. Home Health...................          217048      21Q7048000  511 JERMOR LANE,       Brightspring.
                                                                     SUITE 200,
                                                                     WESTMINSTER, MD
                                                                     21157.
81. Home Health...................          217048      21Q7048001  7360 GUILFORD DRIVE,   Brightspring.
                                                                     SUITE 201-A,
                                                                     FREDERICK, MD 21704.
82. Home Health...................          217111      21Q7111000  6512 DEER POINTE       Brightspring.
                                                                     DRIVE, SUITE B,
                                                                     SALISBURY, MD 21804-
                                                                     1669.
83. Home Health...................          217111      21Q7111001  604 SUNBURST HWY.,     Brightspring.
                                                                     CAMBRIDGE, MD 21613.
84. Home Health...................          257087      25Q7087000  18 MELODY LANE,        Brightspring.
                                                                     COLLINS, MS 39428.
85. Home Health...................          257087      25Q7087001  132 MAYFAIR ROAD,      Brightspring.
                                                                     SUITE 1,
                                                                     HATTIESBURG, MS
                                                                     39402.
86. Home Health...................          257100      25Q7100000  925 TOMMY MUNRO DR.,   Brightspring.
                                                                     SUITE K, BILOXI, MS
                                                                     39532.
87. Home Health...................          257103      25Q7103000  2080 SOUTH FRONTAGE    Brightspring.
                                                                     ROAD, SUITE 105,
                                                                     VICKSBURG, MS 39180.
88. Home Health...................          257103      25Q7103001  310 BYRAM PLACE,       Brightspring.
                                                                     SUITE E, BYRAM, MS
                                                                     39272.
89. Home Health...................          257103      25Q7103002  4294 LAKELAND DRIVE,   Brightspring.
                                                                     SUITE 200, FLOWOOD,
                                                                     MS 39232.
90. Home Health...................          257121      25Q7121000  2900 NORTH HILLS       Brightspring.
                                                                     STREET, MERIDIAN, MS
                                                                     39305.
91. Home Health...................          257143      25Q7143000  11010 HIGHWAY 49,      Brightspring.
                                                                     SUITE 4, GULFPORT,
                                                                     MS 39503.
92. Home Health...................          267499      26Q7499000  1226 LINN STREET,      Brightspring.
                                                                     SUITE F, SIKESTON,
                                                                     MO 63801.
93. Home Health...................          317006      31Q7006000  149 LEFANTE WAY,       Brightspring.
                                                                     SUITE 144 & 146,
                                                                     BAYONNE, NJ 07002.
94. Home Health...................          337268      33Q7268000  105 EARHART DRIVE,     Brightspring.
                                                                     SUITE 100, AMHERST,
                                                                     NY 14221.
95. Home Health...................          337268      33Q7268001  608 W 3RD STREET,      Brightspring.
                                                                     SUITE 608A,
                                                                     JAMESTOWN, NY 14701.
96. Home Health...................          337268      33Q7268002  88 N MAIN STREET,      Brightspring.
                                                                     WELLSVILLE, NY 14895.
97. Home Health...................          368268      36Q8268000  606 WASHINGTON BLVD.,  Brightspring.
                                                                     BELPRE, OH 45714.
98. Home Health...................          397767      39Q7767000  4000 TOWN CENTER       Brightspring.
                                                                     BLVD., SUITE 260,
                                                                     CANONSBURG, PA 15317.
99. Home Health...................          427034      42Q7034000  901 W MEETING ST.,     Brightspring.
                                                                     SUITE 201,
                                                                     LANCASTER, SC 29720.
100. Home Health..................          427058      42Q7058000  1945 W PALMETTO        Brightspring.
                                                                     STREET, SUITE 105,
                                                                     FLORENCE, SC 29501.
101. Home Health..................          427119      42Q7119000  690 MEDICAL PARK DR.,  Brightspring.
                                                                     SUITE 400, AIKEN, SC
                                                                     29801.
102. Home Health..................          427300      42Q7300000  802 EAST MARTINTOWN    Brightspring.
                                                                     ROAD, SUITE 401,
                                                                     NORTH AUGUSTA, SC
                                                                     29841.
103. Hospice......................          441529             N/A  116 JACK WHITE DRIVE,  Pennant.
                                                                     SUITE 6, KINGSPORT,
                                                                     TN 37664.
104. Hospice......................          441529             N/A  903 MAIN STREET, NEW   Pennant.
                                                                     TAZEWELL, TN 37825.
105. Hospice......................          441547             N/A  4435 VALLEY VIEW       Pennant.
                                                                     DRIVE, SUITE 104,
                                                                     KNOXVILLE, TN 37917.
106. Hospice......................          441578             N/A  3301 WEST ANDREW       Pennant.
                                                                     JOHNSON HIGHWAY,
                                                                     SUITE 102,
                                                                     MORRISTOWN, TN 37814.
107. Hospice......................          441581             N/A  1939 CEDAR STREET,     Pennant.
                                                                     SUITE A, MCKENZIE,
                                                                     TN 38201.
108. Hospice......................          441581             N/A  37 SANDSTONE CIRCLE,   Pennant.
                                                                     SUITE 96, JACKSON,
                                                                     TN 38305.
109. Hospice......................          441581             N/A  1539 ASHLAND CITY      Pennant.
                                                                     ROAD, STE C,
                                                                     CLARKSVILLE, TN
                                                                     37040.
110. Home Health..................          447138      44Q7138000  1010 PLEASANT GROVE    Pennant.
                                                                     PLACE, SUITE 200,
                                                                     MT. JULIET, TN 37122.
111. Home Health..................          447138      44Q7138001  2527 HIGHWAY 111       Pennant.
                                                                     NORTH, SUITE A,
                                                                     COOKEVILLE, TN 38506.
112. Home Health..................          447150      44Q7150000  1225 E WEISGARBER      Pennant.
                                                                     ROAD, SUITE 370S,
                                                                     KNOXVILLE, TN 37909.
113. Home Health..................          447176      44Q7176000  117 C. EAST BRYANT     Pennant.
                                                                     STREET, SMITHVILLE,
                                                                     TN 37166.
114. Home Health..................          447176      44Q7176002  1101 NEAL STREET,      Pennant.
                                                                     SUITE 101,
                                                                     COOKEVILLE, TN 38501.
115. Home Health..................          447176      44Q7176004  417 NORTH CHANCERY     Pennant.
                                                                     STREET, MCMINNVILLE,
                                                                     TN 37110.
116. Home Health..................          447176      44Q7176005  115 WINWOOD DRIVE,     Pennant.
                                                                     SUITE 210, LEBANON,
                                                                     TN 37087.
117. Home Health..................          447230      44Q7230000  900 E HILL AVE.,       Pennant.
                                                                     SUITE 310,
                                                                     KNOXVILLE, TN 37915.
118. Home Health..................          447230      44Q7230002  629 SMITHVIEW DR.,     Pennant.
                                                                     MARYVILLE, TN 37803.
119. Home Health..................          447230      44Q7230003  1101 FOX MEADOWS       Pennant.
                                                                     BLVD., SUITE 104,
                                                                     SEVIERVILLE, TN
                                                                     37862.
120. Home Health..................          447269      44Q7269000  2440 OAKLAND DRIVE     Pennant.
                                                                     NW, CLEVELAND, TN
                                                                     37311.
121. Home Health..................          447277      44Q7277000  1255 LYNNFIELD ROAD,   Pennant.
                                                                     SUITE 110, MEMPHIS,
                                                                     TN 38119.
122. Home Health..................          447277      44Q7277001  1921 HIGHWAY 51        Pennant.
                                                                     SOUTH, UNIT C,
                                                                     COVINGTON, TN 38019.
123. Home Health..................          447278      44Q7278000  8 STONEBRIDGE          Pennant.
                                                                     BOULEVARD, SUITE L,
                                                                     JACKSON, TN 38305.
124. Home Health..................          447278      44Q7278001  2490 PARR AVENUE,      Pennant.
                                                                     SUITE 1, DYERSBURG,
                                                                     TN 38024.
125. Home Health..................          447278      44Q7278002  331 JIM ADAMS DRIVE,   Pennant.
                                                                     SUITE A, PARIS, TN
                                                                     38242.
126. Home Health..................          447278      44Q7278003  880 PICKWICK STREET,   Pennant.
                                                                     UNIT 1, SAVANNAH, TN
                                                                     38372.

[[Page 39290]]

 
127. Home Health..................          447278      44Q7278004  1509 E. REELFOOT       Pennant.
                                                                     AVENUE, UNION CITY,
                                                                     TN 38261.
128. Home Health..................          447451      44Q7451000  1655 WYNNE ROAD,       Pennant.
                                                                     SUITE 101, CORDOVA,
                                                                     TN 38016.
129. Home Health..................          447471      44Q7471000  2030 HAMILTON PLACE,   Pennant.
                                                                     SUITE 120,
                                                                     CHATTANOOGA, TN
                                                                     37421.
130. Home Health..................          447500      44Q7500000  3301 WEST ANDREW       Pennant.
                                                                     JOHNSON HIGHWAY,
                                                                     SUITE 100,
                                                                     MORRISTOWN, TN 37814.
131. Home Health..................          447500      44Q7500004  661 E. BROADWAY        Pennant.
                                                                     BLVD., SUITE A,
                                                                     JEFFERSON CITY, TN
                                                                     37760.
132. Home Health..................          447513      44Q7513000  220 TOWN CENTER        Pennant.
                                                                     PARKWAY, SUITE 105,
                                                                     SPRING HILL, TN
                                                                     37174.
133. Home Health..................          447513      44Q7513001  762 HIGHWAY 46 S,      Pennant.
                                                                     DICKSON, TN 37055.
134. Home Health..................          447513      44Q7513007  125 TOWN CREEK ROAD    Pennant.
                                                                     E, SUITE 4, LENOIR
                                                                     CITY, TN 37772.
135. Home Health..................          447528      44Q7528000  661 E BROADWAY BLVD.,  Pennant.
                                                                     SUITE B2, JEFFERSON
                                                                     CITY, TN 37760.
136. Home Health..................          447528      44Q7528001  116 JACK WHITE DRIVE,  Pennant.
                                                                     SUITE 10, KINGSPORT,
                                                                     TN 37664.
137. Home Health..................          447538      44Q7538000  8245 TOURNAMENT        Pennant.
                                                                     DRIVE, SUITE 255,
                                                                     MEMPHIS, TN 38125.
138. Home Health..................          447552      44Q7552000  4245 NORTH OCOEE       Pennant.
                                                                     STREET, SUITE 4,
                                                                     CLEVELAND, TN 37312.
139. Home Health..................          447558      44Q7558000  900 CONFERENCE DRIVE,  Pennant.
                                                                     SUITE 1A,
                                                                     GOODLETTSVILLE, TN
                                                                     37072.
140. Home Health..................          447563      44Q7563000  537 STONECREST         Pennant.
                                                                     PARKWAY, SUITE 109,
                                                                     SMYRNA, TN 37167.
141. Home Health..................          447563      44Q7563001  1127 E COLLEGE         Pennant.
                                                                     STREET, SUITE B,
                                                                     PULASKI, TN 38478.
142. Home Health..................          447563      44Q7563002  220 TOWN CENTER        Pennant.
                                                                     PARKWAY, SUITE 201,
                                                                     SPRING HILL, TN
                                                                     37174.
143. Home Health..................          497289      49Q7289000  6 DOCTORS DRIVE,       Brightspring.
                                                                     SUITE A, EMPORIA, VA
                                                                     23847.
144. Home Health..................          497463      49Q7463000  1330 ARMORY DRIVE,     Brightspring.
                                                                     FRANKLIN, VA 23851.
145. Hospice......................          511509             N/A  417 GRAND PARK DRIVE,  Brightspring.
                                                                     SUITE 204,
                                                                     PARKERSBURG, WV
                                                                     26105.
146. Hospice......................          511516             N/A  21 EAST MAIN STREET,   Brightspring.
                                                                     SUITE 301,
                                                                     BUCKHANNON, WV 26201.
147. Home Health..................          517054      51Q7054000  108 SUNSET DRIVE,      Brightspring.
                                                                     BECKLEY, WV 25801.
148. Home Health..................          517054      51Q7054001  545 AIRPORT ROAD,      Brightspring.
                                                                     SUITE 101,
                                                                     BLUEFIELD, WV 24701.
149. Home Health..................          517074      51Q7074000  2200 GRAND CENTRAL     Brightspring.
                                                                     AVE., SUITE 101,
                                                                     VIENNA, WV 26105.
150. Home Health..................          517074      51Q7074001  208 STONE STREET,      Brightspring.
                                                                     RIPLEY, WV 25271.
151. Home Health..................          517115      51Q7115000  2345 CHESTERFIELD      Brightspring.
                                                                     AVENUE, SUITE 201,
                                                                     CHARLESTON, WV 25304.
152. Home Health..................          517115      51Q7115001  5447 MAPLE LANE,       Brightspring.
                                                                     SUITE A,
                                                                     FAYETTEVILLE, WV
                                                                     25840.
153. Home Health..................          517115      51Q7115002  8942 SENECA TRAIL      Brightspring.
                                                                     SOUTH, RONCEVERTE,
                                                                     WV 24970.
154. Home Health..................          517115      51Q7115003  3135 16TH STREET,      Brightspring.
                                                                     SUITE 22,
                                                                     HUNTINGTON, WV 25701.
155. Home Health..................          517122      51Q7122000  5007 MID ATLANTIC      Brightspring.
                                                                     DRIVE, MORGANTOWN,
                                                                     WV 26508.
156. Home Health..................          517122      51Q7122001  67 CASINO DRIVE,       Brightspring.
                                                                     SUITE 104, ANMOORE,
                                                                     WV 26323.
157. Home Health..................          517122      51Q7122002  215 WARWOOD AVENUE,    Brightspring.
                                                                     WHEELING, WV 26003.
158. Palliative Care..............     DY5311/0685             N/A  4435 VALLEY VIEW       Pennant.
                                                                     DRIVE, SUITE 102,
                                                                     KNOXVILLE, TN 37917.
----------------------------------------------------------------------------------------------------------------


                                                   Schedule B
----------------------------------------------------------------------------------------------------------------
           Service line                   CCN        CMS Branch ID         Address                Acquirer
----------------------------------------------------------------------------------------------------------------
1. Home Health....................          047010      04Q7010000  117 NORTHRIDGE DRIVE,  Brightspring.
                                                                     SUITE C, VAN BUREN,
                                                                     AR 72956.
2. Home Health....................          317017      31Q7017000  777 PASSAIC AVENUE,    Brightspring.
                                                                     SUITE 595, CLIFTON,
                                                                     NJ 07012.
3. Home Health....................          317017      31Q7017005  299 MARKET ST., STE.   Brightspring.
                                                                     400, SADDLE BROOK,
                                                                     NJ 07663.
4. Home Health....................          447107      44Q7107003  2690 MADISON STREET,   Pennant.
                                                                     SUITE 200,
                                                                     CLARKSVILLE, TN
                                                                     37043.
5. Home Health....................          447291      44Q7291000  119 & 121 NORTH IRWIN  Pennant.
                                                                     ST., MANCHESTER, TN
                                                                     37355.
6. Home Health....................          497275      49Q7275001  1077 SPRUCE STREET,    Brightspring.
                                                                     MARTINSVILLE, VA
                                                                     24112.
----------------------------------------------------------------------------------------------------------------


                                                   Schedule C
----------------------------------------------------------------------------------------------------------------
           Service line                   CCN        CMS Branch ID         Address                Acquirer
----------------------------------------------------------------------------------------------------------------
1. Home Health....................          047010      04Q7010001  83 W COLT SQUARE DR.,  Brightspring.
                                                                     FAYETTEVILLE, AR
                                                                     72703.
2. Home Health....................          317017      31Q7017004  1700 ROUTE 23 N,       Brightspring.
                                                                     SUITE 125, WAYNE, NJ
                                                                     07470.
3. Home Health....................          317017      31Q7017006  299 CHERRY HILL ROAD,  Brightspring.
                                                                     SUITE 302,
                                                                     PARSIPPANY, NJ 07054.
4. Home Health....................          447107      44Q7107000  783 OLD HICKORY        Pennant.
                                                                     BLVD., SUITE 300,
                                                                     BRENTWOOD, TN 37027.
5. Home Health....................          447291      44Q7291003  215 CASTLEWOOD DRIVE,  Pennant.
                                                                     SUITE C,
                                                                     MURFREESBORO, TN
                                                                     37129.
6. Home Health....................          497275      49Q7275000  5221 VALLEY PARK       Brightspring.
                                                                     DRIVE, SUITE 1A,
                                                                     ROANOKE, VA 24019.
7. Home Health....................          497275      49Q7275003  2050 LANGHORNE ROAD,   Brightspring.
                                                                     SUITE 103,
                                                                     LYNCHBURG, VA 24501.
8. Home Health....................          497275      49Q7275004  305 N WASHINGTON       Brightspring.
                                                                     AVENUE, SUITE 305,
                                                                     PULASKI, VA 24301.
----------------------------------------------------------------------------------------------------------------


[[Page 39291]]


                                                                       Schedule D
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                         JV legal entity                               Service lines in       Divested service
   Counterparty (``JV Partner'')             name(s)               JV DBA(s)                JV(s)                  lines                 Acquirer
--------------------------------------------------------------------------------------------------------------------------------------------------------
1. UHS Ventures, Inc. c/o            University of TN        University of TN       Home Health, Hospice,  Home Health, Hospice,  Pennant.
 University of Tennessee Medical      Medical Center Home     Medical Center Home    Palliative Care.       Palliative Care.
 Center.                              Care Services, LLC.     Care Services--Home
                                     Morristown-Hamblen       Health.
                                      HomeCare and Hospice,  University of TN
                                      LLC.                    Medical Center Home
                                     University of TN         Health Services.
                                      Medical Center Home    University of TN
                                      Care Services, LLC.     Medical Center
                                     LHCG CXXXII, LLC......   Hospice Services.
                                                             University of TN
                                                              Medical Center Home
                                                              Care Services--
                                                              Hospice.
                                                             University of TN
                                                              Medical Center
                                                              Palliative Care
                                                              Services.
2. Clay County Healthcare Authority  Clay County Hospital    Clay County Hospital   Home Health..........  Home Health..........  BrightSpring.
                                      Home Care, LLC.         Home Care.
3. Fayette Medical Center..........  Fayette Medical Center  Fayette Medical        Home Health..........  Home Health..........  BrightSpring.
                                      HomeCare, LLC.          Center HomeCare.
4. Marion Regional Medical Center d/ Marion Regional         Marion Regional        Home Health..........  Home Health..........  BrightSpring.
 b/a NMMC-Hamilton.                   HomeCare, LLC.          HomeCare.
5. East Alabama Health Care          East Alabama Medical    HomeCare of East       Home Health..........  Home Health..........  BrightSpring.
 Authority d/b/a East Alabama         Center HomeCare, LLC.   Alabama Medical
 Medical Center.                                              Center.
6. EAMC-Lanier, LLC................  LHCG LI, LLC..........  EAMC--Lanier Home      Home Health..........  Home Health..........  BrightSpring.
                                                              Health.
7. Northeast Georgia Health          LHCG CLXI, LLC........  Northeast Georgia      Home Health..........  Home Health..........  BrightSpring.
 Resources.                                                   Home Health.
8. University Health Resources,      Eastern Georgia         Trinity Home Health,   Home Health, Hospice.  Home Health..........  BrightSpring.
 Inc. (``UHR'').                      Partnership, LLC.       Trinity Home Health
                                                              of Aiken, Trinity
                                                              Hospice, Trinity
                                                              Hospice of Aikem,
                                                              University Home
                                                              Health Services.
9. Board of Trustees of the          UAMS Health             UAMS Health-Home       Home Health, Hosptial  Home Health..........  BrightSpring.
 University of Arkansas acting for    Comprehensive Care at   Health, an Amedisys    at Home.
 and on behalf of University of       Home, LLC.              Partner.
 Arkansas for Medical Sciences.
10. Attentus Moulton, LLC..........  Amedisys Home Health,   Amedisys Home Health,  Home Health..........  Home Health..........  BrightSpring.
                                      a Lawrence Medical      a Lawrence Medical
                                      Center Partner, LLC.    Center Partner.
--------------------------------------------------------------------------------------------------------------------------------------------------------


                Schedule E to the Proposed Final Judgment
------------------------------------------------------------------------
 
-------------------------------------------------------------------------
                             Excluded Assets
------------------------------------------------------------------------
The Alabama state trademarks for ``ALABAMA HOMECARE'' (No. 111-632) and
 ``COOSA VALLEY HOMECARE'' (No. 111-532), and unregistered equivalents
 of and commercial names and d/b/a names incorporating the same.
All commercial names and d/b/a names incorporating ``LHC'', ``LHC
 Group'', ``Amedisys'', ``Suncrest'', ``Suncrest Omni'', ``Housecalls
 Hospice'', ``Housecalls Home Health'', ``Omni Homecare'', ``Home Care
 Solutions'', ``Willcare'', ``Georgia Home Health'', ``Alabama Hospice
 Care'', ``Patient Care'', ``Erlanger'', ``Deaconess HomeCare'', and/or
 ``Tennova'', as well as the logos used at the branches and facilities
 operating under such names.
All licenses, permits, certifications, approvals, consents,
 registrations, waivers, and authorizations, including those issued or
 granted by any governmental organization, and all pending applications
 or renewals for the agency with a parent location at 5221 Valley Park
 Drive, Suite 1A, Roanoke, VA 24019 (CCN 497275), provided however that
 this will cease to be an Excluded Asset if the location at 5221 Valley
 Park Drive, Suite 1A, Roanoke, VA 24019 (CMS Branch ID 49Q7275000) is
 divested pursuant to Paragraph IV.B.
All licenses, permits, certifications, approvals, consents,
 registrations, waivers, and authorizations, including those issued or
 granted by any governmental organization, and all pending applications
 or renewals for the agency with a parent location at 783 Old Hickory
 Blvd., Suite 300, Brentwood, TN 37027 (CCN 447107), provided however
 that this will cease to be an Excluded Asset if the location at 783 Old
 Hickory Blvd., Suite 300, Brentwood, TN 37027 (CMS Branch ID
 44Q7107000) is divested pursuant to Paragraph IV.B.
The right to operate in Morris County, NJ held on July 17, 2025 by the
 agency with parent location at 777 Passaic Avenue, Suite 595, Clifton,
 NJ 07012 (CCN 317017). Provided, however, that Excluded Assets do not
 include any licenses, permits, certifications, approvals, consents,
 registrations, waivers, or authorizations held on July 17, 2025 by the
 agency with parent location at 777 Passaic Avenue, Suite 595, Clifton,
 NJ 07012 (CCN 317017) that are required to operate in Bergen County, NJ
 and Passaic County, NJ.
All of the rights, titles, and interests of Eastern Georgia Partnership,
 LLC in and to property and assets, tangible and intangible, primarily
 used to support hospice locations at 4106 Columbia Road, Suite 201,
 Martinez, GA 30907 and 690 Medical Park Drive, Suite 200, Aiken, SC
 29801.
All of the rights, titles, and interests of UAMS Health Comprehensive
 Care at Home, LLC in and to property and assets, tangible and
 intangible, primarily used to support hospital at home or other high
 acuity care locations at 4301 West Markham Street, Little Rock, AR
 72205 and 10800 Financial Center Pkwy., Suite 485, Little Rock, AR
 72211, including the License Agreement, dated as of October 7, 2022, by
 and among UAMS Health Comprehensive Care at Home, L.L.C., Board of
 Trustees of the University of Arkansas, acting for and on behalf of the
 University of Arkansas for Medical Sciences and Contessa Health
 Management, LLC.
All assets primarily relating to or used in the business of providing
 home health services by the location at 6512 Deer Pointe Drive, Suite
 B, Salisbury, MD 21804 (CMS Branch ID 21Q7111000) other than the real
 estate lease, Certificate of Need, license, Medicare/Medicaid
 identifiers, and all other licenses, registrations, and permits
 required to operate the agency with parent location at 6512 Deer Pointe
 Drive, Suite B, Salisbury, MD 21804 (CCN 217111) within its service
 area as of July 17, 2025.

[[Page 39292]]

 
All information technology hardware and equipment at branches and
 agencies identified in the Divestiture Schedules other than computer
 monitors, keyboards, and mice for desktop computers.
------------------------------------------------------------------------

United States District Court for the District of Maryland

    UNITED STATES OF AMERICA, Et al., Plaintiffs, v. UNITEDHEALTH 
GROUP INCORPORATED and AMEDISYS, INC. Defendants.

Case No. 1:24-cv-03267
Judge James K. Bredar

Competitive Impact Statement

    In accordance with the Antitrust Procedures and Penalties Act, 15 
U.S.C. 16(b)-(h) (the ``APPA'' or ``Tunney Act''), the United States of 
America files this Competitive Impact Statement related to the proposed 
Final Judgment filed in this civil antitrust proceeding.

I. Nature and Purpose of the Proceeding

    On June 26, 2023, UnitedHealth Group Incorporated 
(``UnitedHealth'') agreed to acquire Amedisys, Inc. (``Amedisys'') for 
approximately $3.3 billion. The United States, along with the Attorneys 
General of Maryland, Illinois, New Jersey, and New York (collectively, 
the ``Plaintiff States''), filed a civil antitrust Complaint on 
November 12, 2024, seeking to enjoin the proposed acquisition. The 
Complaint alleges that UnitedHealth's acquisition threatens to 
substantially lessen competition in local home health, hospice, and 
nurse labor markets throughout the country in violation of Section 7 of 
the Clayton Act, 15 U.S.C. 18. In the Complaint, the United States also 
alleges that Amedisys erroneously and inaccurately certified compliance 
with its obligations under Section 7A of the Clayton Act, also known as 
the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (``HSR Act''), 
in violation of the HSR Act, 15 U.S.C. 18a.
    After eight months of intensive litigation, the United States and 
Plaintiff States reached a proposed settlement with UnitedHealth and 
Amedisys. The litigation resulted in a significantly larger divestiture 
package than had been previously offered by Defendants as well as new 
divestiture buyers more likely to successfully replicate competition in 
their service areas. With the benefit of discovery, Plaintiffs 
concluded that the proposed settlement, embodied in a proposed Final 
Judgment and an Asset Preservation and Hold Separate Stipulation and 
Order (``Stipulation and Order'') filed on August 7, 2025 (ECF Nos. 
198-1 and 198-2), is designed to remedy most of the lost competition 
that would otherwise have resulted from UnitedHealth's acquisition of 
Amedisys. The proposed Final Judgment is also designed to remedy 
Amedisys's HSR Act violation.
    Under the proposed Final Judgment, which is explained more fully 
below, Defendants are required to divest 152 home health, 11 hospice, 
and 1 palliative care locations in local markets in 19 states 
throughout the country to BrightSpring Health Services, Inc. 
(``BrightSpring''), The Pennant Group, Inc. (``Pennant''), or another 
acquirer acceptable to the United States. Additionally, under the 
proposed Final Judgment, Defendant Amedisys is required to (1) pay to 
the United States a civil penalty of one million one hundred thousand 
dollars ($1,100,000) within thirty days of entry of the proposed Final 
Judgment and (2) conduct antitrust compliance training, approved by the 
Antitrust Division, for certain Amedisys employees, within 365 calendar 
days of the Court's entry of the Stipulation and Order.
    Under the terms of the Stipulation and Order, Defendants must take 
certain steps to operate, preserve, and maintain the full economic 
viability, marketability, and competitiveness of the assets that must 
be divested. In addition, management, sales, and operations of the 
assets that must be divested must be held entirely separate, distinct, 
and apart from Defendants' other operations. The purpose of these terms 
in the Stipulation and Order is to ensure that competition is 
maintained during the pendency of the required divestitures.
    The United States and Defendants have stipulated that the proposed 
Final Judgment may be entered after compliance with the APPA. Entry of 
the proposed Final Judgment will terminate this action, except that the 
Court will retain jurisdiction to construe, modify, or enforce the 
provisions of the proposed Final Judgment and to punish violations 
thereof.

II. Description of Events Giving Rise to the Alleged Violations

A. The Defendants and the Proposed Transaction

    At the time the Complaint was filed, UnitedHealth was the fifth-
largest company in the United States. Today, UnitedHealth is the 
fourth-largest company in the United States, with revenues of more than 
$400 billion in 2024. It is a vertically integrated corporation, 
comprising the largest commercial health insurer; the largest employer 
of physicians; the third-largest pharmacy benefit manager; and one of 
the largest healthcare technology and service vendors in the United 
States. This transaction represents UnitedHealth's second major home 
health and hospice services acquisition in under three years. In 
February 2023, UnitedHealth acquired LHC Group, Inc. (``LHC''), which 
is currently the nation's largest home health provider and a large 
provider of hospice services. Before being acquired by UnitedHealth, 
LHC collected approximately $2.3 billion in revenue in 2022, making 
about 12 million visits to patients in 37 states and the District of 
Columbia that year. Through LHC, UnitedHealth now operates over 530 
home health locations and over 120 hospice locations and employs more 
than 5,000 nurses who provide home health and hospice services.
    UnitedHealth's acquisition target, Amedisys, is the second-largest 
home health provider and third-largest provider of hospice services in 
the United States. In 2024, Amedisys earned approximately $2.3 billion 
in revenue and provided more than 10.7 million visits to patients in 38 
states and the District of Columbia. Amedisys currently operates over 
340 home health locations and over 160 hospice locations and employs 
more than 3,600 nurses who provide home health and hospice services.
    Pursuant to an agreement and plan of merger dated June 26, 2023, as 
amended, UnitedHealth proposes to acquire Amedisys for approximately 
$3.3 billion.

B. Competitive Effects of This Transaction

1. Relevant Markets
a. Home Health Markets
    As alleged in the Complaint, home health services is a relevant 
service market under Section 7 of the Clayton Act. Home health consists 
of skilled nursing and therapy services that are provided to millions 
of Americans each year in the comfort of their homes. Home health 
patients may need help recovering from recent hospitalizations or 
managing chronic conditions but are well enough to require only part-
time or

[[Page 39293]]

intermittent care that can be provided at home.
    Most patients who receive home health services are seniors enrolled 
in either traditional Medicare, administered by the Centers for 
Medicare and Medicaid Services (``CMS''), or privately administered 
Medicare Advantage plans. Medicare Advantage plans negotiate with home 
health providers, such as UnitedHealth's LHC subsidiary and Amedisys, 
for the amounts that a Medicare Advantage plan will reimburse the 
provider for the home health services it renders to patients insured by 
that plan. For traditional Medicare enrollees, reimbursement amounts 
are not negotiated. They are set by CMS. Both CMS and Medicare 
Advantage plans prefer that eligible patients use home health services 
because these services are more cost effective than options for care 
provided in hospitals, rehabilitation centers, or skilled nursing 
facilities.
b. Hospice Markets
    As alleged in the Complaint, hospice services provided to Medicare 
beneficiaries is a relevant service market under Section 7 of the 
Clayton Act. Each year in the United States, hospice services allow 
millions of patients, usually seniors, who face terminal conditions to 
enjoy the last days of their lives primarily in their own homes. 
Hospice providers and the interdisciplinary teams of doctors, nurses, 
therapists, aides, chaplains, counselors, and social workers they 
employ offer a wide range of services to support the physical, 
psychosocial, spiritual, and emotional needs of terminally ill patients 
and their family members.
    Traditional Medicare covers the vast majority of hospice services 
in the United States. For hospice providers to be reimbursed by 
traditional Medicare, their services must satisfy distinct CMS 
regulations unique to hospice, and CMS tracks individual hospice 
provider locations on a variety of hospice quality metrics. Under 
Medicare, patients become eligible for hospice coverage once a doctor 
certifies that a patient has less than six months left to live, and the 
patient has chosen to stop any care that aims to cure their underlying 
disease or illness. This requirement distinguishes hospice from nearly 
all other healthcare services, which are curative.
c. Home Health and Hospice Nurses
    As alleged in the Complaint, registered nurses (``RNs'') working in 
home health and hospice and licensed practical nurses or licensed 
vocational nurses (``LPN/LVNs'') working in home health are each a 
relevant labor market. Home health and hospice services rely on skilled 
nurses to provide effective, high-quality, and personalized care. Home 
health and hospice nurses develop close and meaningful relationships 
with patients, which many nurses find particularly fulfilling. These 
nurses spend hours in patients' homes providing care and comfort, which 
can influence patients' recovery and satisfaction with their treatment. 
Home health and hospice nursing differ from other types of nursing and 
generally involve fewer and more flexible hours and greater 
independence. For example, nurses in hospitals work at a fixed location 
and side-by-side with doctors and other nurses to provide around-the-
clock care, while home health and hospice nurses travel to patients' 
homes and largely work alone. The Complaint also alleges that hospice 
nurses often particularly feel a specific ``calling'' to the field.
    State licensure laws and both state and Medicare regulations 
specific to home health and hospice distinguish between RNs and LPN/
LVNs. As providers of basic medical care, LPN/LVNs have a smaller scope 
of duties. In home health, they cannot perform initial assessments of 
patients or work without supervision. Home health and hospice RNs can 
perform more advanced clinical duties, including conducting specific 
types of visits, coordinating care, and supervising other members of a 
patient's care team, including LPN/LVNs.
2. Geographic Markets
    Because home health and hospice services are typically offered to 
patients in their homes, physicians, hospitals, and other healthcare 
facilities generally refer patients to home health and hospice agencies 
that operate in the local area around, and are willing to send their 
nurses and other caregivers to, a patient's home. State laws and 
regulations often limit the areas in which home health and hospice 
providers can offer services. Accordingly, the relevant geographic 
markets for home health and hospice services are local areas around 
patient homes. For home health and hospice nurses, their job 
opportunities are bounded by the time it takes them to travel to the 
homes of the patients they care for. As a result, the relevant 
geographic markets for home health and hospice nurse labor markets are 
the local areas around these nurses' homes where they can travel to 
care for patients. The Complaint alleges that hundreds of local home 
health, hospice, and nursing markets will be affected by UnitedHealth's 
acquisition of Amedisys.
3. Competitive Effects
    As alleged in the Complaint, UnitedHealth's acquisition of Amedisys 
would increase concentration enough to render the acquisition 
presumptively anticompetitive in hundreds of local home health markets, 
local hospice markets, and local home health and hospice nurse labor 
markets. According to the Complaint, the acquisition would also 
eliminate substantial competition that occurs directly between 
UnitedHealth and Amedisys. The loss of this direct or ``head-to-head'' 
competition between the Defendants is another reason the acquisition 
would be anticompetitive.
a. Home Health and Hospice Markets
    Currently, both UnitedHealth and Amedisys compete fiercely against 
each other to care for home health and hospice patients in numerous 
local markets. This head-to-head competition takes many forms. For 
example, each company competes against the other to gain preference 
with referral sources such as the physicians, hospitals, and other 
healthcare providers that refer patients to home health and hospice 
services. The companies further compete against each other with their 
ability to admit home health and hospice patients quickly. UnitedHealth 
and Amedisys also compete by offering patients more touchpoints with 
nurses outside of in-home visits, such as having their staff call 
patients to follow up, because having those additional touchpoints is 
valuable to patients. In addition, UnitedHealth and Amedisys compete on 
their selection of specialty home health and hospice programs offered 
to patients.
    As alleged in the Complaint, in home health and hospice, 
UnitedHealth and Amedisys compete on a variety of quality dimensions, 
including delivering better clinical outcomes and lower readmission 
rates to hospitals and skilled nursing facilities. One key metric that 
UnitedHealth and Amedisys compete heavily on are CMS ``star ratings.'' 
CMS ``star ratings'' are a rating system that CMS publishes online in 
which the performance of home health and hospice agencies are rated on 
a scale of one to five stars. The companies constantly compare their 
quality scores to each other and celebrate when their respective scores 
increase and their competitor's do not.
    In addition, as alleged in the Complaint, home health providers 
like UnitedHealth and Amedisys compete on price and quality to be in-
network with

[[Page 39294]]

Medicare Advantage plans. Because Medicare Advantage insurers' members 
pay less for in-network home health services than for out-of-network 
services, in-network home health providers are likely to attract more 
members from an insurer than are out-of-network providers. UnitedHealth 
and Amedisys compete by offering lower rates and better terms to third-
party Medicare Advantage insurers for inclusion in insurers' networks.
    The acquisition would eliminate the benefits of competition for 
home health and hospice services between UnitedHealth and Amedisys. The 
Complaint alleges that non-price dimensions of home health and hospice 
services, including the quality of the services, would likely either 
deteriorate or improve more slowly than they would if competition still 
existed between the two companies. The Complaint further alleges that 
the proposed acquisition may increase the price of home health services 
or worsen the terms on which these services are provided for patients 
covered by Medicare Advantage plans.
b. Home Health and Hospice Nurses
    As alleged in the Complaint, Defendants each employ thousands of 
home health and hospice nurses and compete intensely to hire and retain 
them. UnitedHealth and Amedisys try to poach each other's nurses by 
offering higher pay or better conditions of employment. Their poaching 
efforts are especially intense following acquisitions, leadership 
changes, and other major company events. UnitedHealth identified 
Amedisys as one of its main competitors when reporting on its value 
proposition for its home health and hospice employees. The two rivals 
use the other as a comparison when creating competitive benefits 
offerings. For example, UnitedHealth tracks Amedisys's provision of 
fleet cars--a highly desirable benefit for some home health and hospice 
nurses, who travel frequently as part of their job--while Amedisys 
compares its full suite of benefits, including health insurance, 
disability insurance, paid leave, and 401(k) matches, to 
UnitedHealth's. In addition to this enterprise-level competition, there 
are numerous examples of both companies making competing employment 
offers to individual nurses and of nurses using these rival offers to 
improve the terms of their employment.
    As the Complaint alleges, UnitedHealth's acquisition of Amedisys 
may substantially lessen competition for home health and hospice 
nurses, affecting their employment choices, compensation, and other 
employment terms.
4. Difficulty of Entry and Expansion
    Sufficient, timely entry of additional competitors into the 
relevant home health, hospice, and nurse labor markets is unlikely to 
prevent the harm to competition that is likely to result from 
UnitedHealth's acquisition of Amedisys. Expansion among existing 
competitors is similarly unlikely to occur in a sufficient and timely 
fashion to prevent harm to patients and nurses. Home health and hospice 
markets feature high barriers to entry and expansion. Among other 
barriers to entry, laws and regulations, such as certificate of need 
laws, prevent or significantly delay new entry in many areas. 
UnitedHealth's strategy of growth by acquiring other home health and 
hospice providers reflects the difficulty of entry or expansion in home 
health and hospice services.

C. Amedisys's Violation of Section 7A

    As the Complaint alleges, Amedisys violated Section 7A of the 
Clayton Act, 15 U.S.C. 18a, by providing to the United States an 
erroneous and inaccurate certification related to its production of 
documents and information during the Antitrust Division's investigation 
into this acquisition.
    As part of its investigation of this acquisition, on August 4, 
2023, the Antitrust Division required Amedisys to produce ``additional 
information or documentary material relevant to the proposed 
acquisition'' under Section 18a(e)(1)(A) of the Clayton Act, which is 
known as a ``Second Request.'' The Second Request included detailed 
instructions for compliance. Amedisys was required to provide the 
Antitrust Division with ``all the information and documentary 
material'' responsive to the Second Request; if all materials were not 
provided, Amedisys was required to also include ``a statement of the 
reasons for such noncompliance.'' 15 U.S.C. 18a(e)(2)(A), 18a(e)(2)(B); 
16 CFR 801-803.
    Amedisys first certified to the United States that it had complied 
with the Second Request on December 18, 2023, attesting that the 
information provided by Amedisys was ``true, correct, and complete in 
accordance with the statute and rules.'' \6\ Amedisys did not submit a 
statement of reasons for non-compliance, indicate that it had chosen 
not to produce relevant materials in its possession, or explain that 
certain relevant materials were no longer retrievable.\7\ Prior to its 
December 18, 2023 certification of compliance, Amedisys failed to 
produce large swaths of emails, texts, and hard copy documents:
---------------------------------------------------------------------------

    \6\ 16 CFR 803.6(a)(2), (b); Notification and Report Form, 
appendix to 16 CFR pt. 803; see 15 U.S.C. 18a(b)(1)(B), (e)(2)(b). 
Amedisys submitted its first certification of compliance with the 
Second Request on December 18, 2023.
    \7\ ``A complete response shall be supplied to each item on the 
Notification and Report Form and to any request for additional 
information pursuant to section 7A(e) and Sec.  803.20. Whenever the 
person filing notification is unable to supply a complete response, 
that person shall provide, for each item for which less than a 
complete response has been supplied, a statement of reasons for 
noncompliance.'' 16 CFR 803.3.
---------------------------------------------------------------------------

    Emails: Amedisys first became aware of a potential problem with its 
email archiving system in summer 2023. This problem persisted for a 
period between May and June 2023 that coincided with UnitedHealth and 
Amedisys's merger negotiations. By October 2023, Amedisys understood 
that it could not locate these archived emails, and, as of December 18, 
2023, the issue remained unresolved.
    Text messages: Without informing the Antitrust Division, Amedisys 
unilaterally determined that it did not need to collect or produce text 
messages for over half of its custodians prior to its December 18, 2023 
certification.
    Hard copy documents: Amedisys also knew of, but failed to produce, 
any hard copy documents from any custodian prior to its December 18, 
2023 certification (despite its former CEO and current Chairman of the 
Board touting his work-related notetaking in a book published 
immediately before Defendants announced this proposed acquisition).
    Despite the significant known issues described above, Amedisys 
still certified compliance on December 18, 2023. Amedisys did not 
acknowledge any of these deficiencies until months later, when the 
Antitrust Division discovered and presented evidence of them to 
Amedisys. Even then, Amedisys continued to delay producing relevant 
documents and refused for months to make the individual who certified 
compliance with the Second Request available for examination.
    After Amedisys submitted its erroneous and inaccurate December 18, 
2023 certification, Amedisys produced more than 2.5 million additional 
relevant documents--substantially more than it had produced in its 
original production--to complete its Second Request response, including 
hundreds of thousands of emails, hard copy documents, and text messages 
that predated its December 18, 2023

[[Page 39295]]

certification. These subsequent productions more than doubled 
Amedisys's pre-December 18, 2023 productions and included materials 
clearly relevant to the potential impact of this acquisition on 
competition in the markets for home health and hospice services and for 
nurses' labor.
    More than eight months after its initial certification, on August 
26, 2024, Amedisys submitted a second certification in accordance with 
16 CFR 803.6 attesting compliance with its Second Request.

III. Explanation of the Proposed Final Judgment

A. Divestitures

    The relief required by the proposed Final Judgment is designed to 
remedy the loss of competition alleged in the Complaint in many local 
markets for home health services, hospice services, and home health and 
hospice nursing by establishing in those markets at least two 
independent and economically viable competitors. Paragraph IV.A of the 
proposed Final Judgment requires Defendants, within seventy-five (75) 
calendar days after the Court's entry of the Stipulation and Order in 
this matter or within sixty (60) calendar days of receipt of all 
necessary Merger Clearances, to divest all offices and contracts 
related to the 152 home health, 11 hospice, and 1 palliative care 
branches and agencies identified in the Divestiture Schedules attached 
to the proposed Final Judgment, as well as the interests in all joint 
ventures associated with those branches and agencies, to BrightSpring, 
Pennant, or an alternative buyer acceptable to the United States, in 
its sole discretion. The assets must be divested in such a way as to 
satisfy the United States, in its sole discretion, that the assets can 
and will be operated by the acquirer as a viable, ongoing business that 
can compete effectively in these local markets for home health 
services, hospice services, and home health and hospice nursing. 
Defendants must take all reasonable steps necessary to accomplish the 
divestitures quickly and must cooperate with the acquirer.
1. Divestiture Assets
    Paragraph IV.A of the proposed Final Judgment requires Defendants 
to divest all offices and contracts related to the 152 home health, 11 
hospice, and 1 palliative care branches and agencies identified in the 
Divestiture Schedules attached to the proposed Final Judgment. The home 
health agencies and branches being divested provide care in 18 states, 
while the hospice agencies being divested provide care in 4 states, and 
the palliative care location serves patients in Tennessee. The 
divestitures will be made to BrightSpring, Pennant, and/or to another 
acquirer acceptable to the United States, in its sole discretion after 
consultation with any affected Plaintiff State.
    Six of the home health locations that Paragraph IV.A of the 
proposed Final Judgment requires Defendants to divest share licenses or 
certifications and CMS identification numbers with home health 
locations that Defendants will retain after the acquisition. Paragraph 
IV.B of the proposed Final Judgment requires Defendants to divest up to 
8 additional home health locations if the acquirers of the 6 
``sharing'' divested locations receive a final written determination 
that they are (a) not able to obtain the necessary regulatory approvals 
to maintain the home health operations of the divested locations as 
they existed as of July 17, 2025 or (b) not permitted to bill CMS for 
the treatment of Medicare or Medicaid patients. In addition, Defendants 
must divest these additional 8 home health locations if the necessary 
regulatory approvals for the associated ``sharing'' divested location 
have not been obtained within 18 months after the entry of the 
Stipulation and Order in this matter, unless the United States 
determines, in its sole discretion, that Defendants are using best 
efforts to obtain the necessary regulatory approvals and are likely to 
succeed if provided with additional time.
2. Relevant Personnel
    The proposed Final Judgment contains provisions intended to 
facilitate the acquirer's efforts to hire certain employees. The 
proposed Final Judgment requires that the Divestiture Assets include 
the employment contracts for more than 1,800 ``Relevant Personnel,'' 
i.e., full-time, part-time, or contract employees (including nurses, 
other healthcare professionals, and business development and account 
executives) of the Defendants, wherever located, whose work supports 
the operation of the Divestiture Assets, i.e., the divested home 
health, hospice, and palliative care agencies and branches described 
above. Among other requirements, Defendants must waive all non-compete 
and non-disclosure agreements, vest all unvested pension and other 
equity rights, provide any pay pro rata, provide all compensation and 
benefits that those employees have fully or partially accrued, and 
provide all other benefits that the employees would generally be 
provided had those employees continued employment with Defendants, 
including, but not limited to, any retention bonuses or payments. The 
United States retains sole discretion to resolve any disagreement 
relating to which employees are Relevant Personnel.
3. Transition Services Agreements
    The proposed Final Judgment requires Defendants to provide certain 
transition services to maintain the viability and competitiveness of 
the divestiture assets during the transition to the acquirers. 
Paragraph IV.Q of the proposed Final Judgment requires Defendants, at 
an acquirer's option, to enter into a transition services agreement for 
services related to related to human resources, employee health and 
safety, information technology services and support, clinical service 
delivery, clinical operations support, real estate, finance, accounting 
and tax, expense processing, cost reporting, legal, risk, and 
compliance, revenue cycle management, sales, and billing services for a 
period of up to 365 calendar days on terms and conditions reasonably 
related to market conditions for the provision of the transition 
services. An acquirer may terminate the transition services agreement, 
or any portion of it, without cost or penalty at any time upon 30 days' 
notice. The paragraph further provides that the United States, in its 
sole discretion, may approve one or more extensions of a transition 
services agreement for a total of up to an additional 180 calendar days 
and that any amendments to or modifications of any provisions of a 
transition services agreement are subject to approval by the United 
States in its sole discretion.
4. Firewalls
    The proposed Final Judgment requires that Defendants implement and 
maintain effective procedures to prevent divestiture acquirers' 
competitively sensitive information from being shared or disclosed by 
Defendants' employees working to effectuate the divestitures to 
Defendants' employees engaged in competing with BrightSpring, Pennant, 
or other acquirers. These obligations extend at least until an 
acquirer's competitively sensitive information is no longer readily 
accessible to Defendants' employees in the ordinary course of business.
5. Divestiture Trustee
    If Defendants do not accomplish the divestitures within the period 
prescribed in Paragraph IV.A, or, if applicable, Paragraph IV.B of the 
proposed Final Judgment, Section V of the proposed Final Judgment 
provides

[[Page 39296]]

that the Court will appoint a divestiture trustee selected by the 
United States to effect the divestiture. If a divestiture trustee is 
appointed, the proposed Final Judgment provides that Defendants must 
pay all costs and expenses of the trustee. The divestiture trustee's 
commission must be structured so as to provide an incentive for the 
trustee based on the price obtained and the speed with which the 
divestiture is accomplished. After the divestiture trustee's 
appointment becomes effective, the trustee must provide monthly reports 
to the United States setting forth his or her efforts to accomplish the 
divestiture. If the divestiture has not been accomplished within 180 
calendar days of the divestiture trustee's appointment, the United 
States may make recommendations to the Court, which will enter such 
orders as appropriate, in order to carry out the purpose of the Final 
Judgment, including by extending the term of the divestiture trustee's 
appointment.
6. Monitor
    The proposed Final Judgment provides that the United States may 
select a monitoring trustee to be recommended to and appointed by the 
Court. The monitor will have the power and authority to investigate and 
report on Defendants' compliance with the terms of the proposed Final 
Judgment and the Stipulation and Order, including (i) whether the 
divestitures have been effected as required under the proposed Final 
Judgment; (ii) Defendants' efforts to migrate the data related to the 
divested assets contained in the electronic medical record, billing, 
financial, or employee management system from Defendants' systems to 
the systems of BrightSpring, Pennant, or another acquirer, and (iii) 
whether Defendants have complied with their obligations related to 
Relevant Personnel and transition services, among other obligations 
(e.g., Paragraphs IV.C-F and IV.K-Q of the proposed Final Judgment). 
The monitoring trustee will not have any responsibility or obligation 
for the operation of the Divestiture Assets or Defendants' businesses. 
The monitoring trustee will serve at Defendants' expense, on such terms 
and conditions as the United States approves, and Defendants must 
assist the monitoring trustee in fulfilling his or her obligations. The 
monitoring trustee will provide periodic reports to the United States 
and will serve until 90 calendar days after the completion of all 
Regulatory Approvals related to divestitures, or the divestiture of any 
additional assets.

B. Amedisys's 7A Violation

1. Civil Penalty
    A company's failure to comply with the HSR Act makes it liable to 
the United States for a civil penalty for each day it is in violation. 
15 U.S.C. 18a(g). The maximum amount of civil penalty during the period 
relevant to this Complaint was $51,744 per day.\8\ The Complaint 
alleges that Amedisys violated the requirements of the HSR Act each day 
beginning on December 18, 2023, when it submitted its erroneous and 
inaccurate certification, until it submitted a second certification 
attesting that it had submitted a complete response to its Second 
Request on August 26, 2024. The United States has accepted $1.1 
million--less than the maximum penalty permitted under the HSR Act--as 
an appropriate civil penalty for settlement purposes for this matter 
only. The penalty here is appropriate because Amedisys agreed to take 
corrective action internally and because it is willing to resolve the 
matter by the proposed Final Judgment, thereby avoiding the risks and 
costs associated with litigation.
---------------------------------------------------------------------------

    \8\ Federal Civil Penalties Inflation Adjustment Improvements 
Act of 2015, Public Law 114-74 Sec.  701, 129 Stat. 599-600 (further 
amending the Federal Civil Penalties Inflation Adjustment Act of 
1990); Rule 1.98, 16 CFR 1.98, 89 FR 1,445 (Jan. 10, 2024).
---------------------------------------------------------------------------

2. Corrective Action
    As satisfaction for the United States' claim under Section 7A (15 
U.S.C. 18a) against Amedisys, within 30 days of the Court's entry of 
the Final Judgment, Amedisys must pay to the United States a civil 
penalty in the amount of $1.1 million. In addition, Paragraph XIV.A of 
the proposed Final Judgment requires that Amedisys, within 365 calendar 
days of the Court's entry of the Stipulation and Order, conduct 
antitrust compliance training, the form and content of which must be 
approved by the United States in its sole discretion, for (i) 
Amedisys's corporate leadership and their direct reports, and (ii) 
certain of Amedisys's field leadership for all lines of business. 
Within 370 calendar days of entry of the Court's entry of the 
Stipulation and Order, UnitedHealth's Chief Legal Officer must submit 
an affidavit certifying compliance with this training requirement.

C. Other Provisions To Ensure Compliance

    The proposed Final Judgment also contains provisions designed to 
promote compliance with and make enforcement of the Final Judgment as 
effective as possible. Paragraph XVII.A of the proposed Final Judgment 
provides that the United States retains and reserves all rights to 
enforce the Final Judgment, including the right to seek an order of 
contempt from the Court. Under the terms of this paragraph, Defendants 
have agreed that in any civil contempt action, any motion to show 
cause, or any similar action brought by the United States regarding an 
alleged violation of the Final Judgment, the United States may 
establish the violation and the appropriateness of any remedy by a 
preponderance of the evidence and that Defendants have waived any 
argument that a different standard of proof should apply. This 
provision aligns the standard for compliance with the Final Judgment 
with the standard of proof that applies to the underlying offense that 
the Final Judgment addresses.
    Paragraph XVII.B provides additional clarification regarding the 
interpretation of the provisions of the proposed Final Judgment. The 
proposed Final Judgment should be interpreted to give full effect to 
the procompetitive purposes of Sections 7 and 7A of the Clayton Act. 
Defendants agree that they will abide by the proposed Final Judgment 
and that they may be held in contempt of the Court for failing to 
comply with any provision of the proposed Final Judgment that is stated 
specifically and in reasonable detail, as interpreted in light of this 
procompetitive purpose.
    Paragraph XVII.C provides that, if the Court finds in an 
enforcement proceeding that a Defendant has violated the Final 
Judgment, the United States may apply to the Court for an extension of 
the Final Judgment, together with such other relief as may be 
appropriate. In addition, to compensate American taxpayers for any 
costs associated with investigating and enforcing violations of the 
Final Judgment, Paragraph XVII.C provides that, in any successful 
effort by the United States to enforce the Final Judgment against a 
Defendant, whether litigated or resolved before litigation, the 
Defendant must reimburse the United States for attorneys' fees, 
experts' fees, and other costs incurred in connection with that effort 
to enforce the Final Judgment, including the investigation of the 
potential violation.
    Paragraph XVII.D states that the United States may file an action 
against a Defendant for violating the Final Judgment for up to four 
years after the Final Judgment has expired or been terminated. This 
provision is meant to address circumstances such as when evidence that 
a violation of the Final Judgment occurred during the term of the Final 
Judgment is not discovered until after the Final Judgment has

[[Page 39297]]

expired or been terminated or when there is not sufficient time for the 
United States to complete an investigation of an alleged violation 
until after the Final Judgment has expired or been terminated. This 
provision, therefore, makes clear that, for four years after the Final 
Judgment has expired or been terminated, the United States may still 
challenge a violation that occurred during the term of the Final 
Judgment.
    Finally, Section XVIII of the proposed Final Judgment provides that 
the Final Judgment will expire ten years from the date of its entry, 
except that after five years from the date of its entry, the Final 
Judgment may be terminated upon notice by the United States to the 
Court and Defendants that the divestitures have been completed and 
continuation of the Final Judgment is no longer necessary or in the 
public interest.

IV. Remedies Available to Potential Private Plaintiffs

    Section 4 of the Clayton Act, 15 U.S.C. 15, provides that any 
person who has been injured as a result of conduct prohibited by the 
antitrust laws may bring suit in federal court to recover three times 
the damages the person has suffered, as well as costs and reasonable 
attorneys' fees. Entry of the proposed Final Judgment neither impairs 
nor assists the bringing of any private antitrust damages action. Under 
the provisions of Section 5(a) of the Clayton Act, 15 U.S.C. 16(a), the 
proposed Final Judgment has no prima facie effect in any subsequent 
private lawsuit that may be brought against Defendants.

V. Procedures Available for Modification of the Proposed Final Judgment

    The United States and Defendants have stipulated that the proposed 
Final Judgment may be entered by the Court after compliance with the 
provisions of the APPA, provided that the United States has not 
withdrawn its consent. The APPA conditions entry upon the Court's 
determination that the proposed Final Judgment is in the public 
interest.
    The APPA provides a period of at least 60 days preceding the 
effective date of the proposed Final Judgment within which any person 
may submit to the United States written comments regarding the proposed 
Final Judgment. Any person who wishes to comment should do so within 60 
days of the date of publication of this Competitive Impact Statement in 
the Federal Register, or within 60 days of the first date of 
publication in a newspaper of the summary of this Competitive Impact 
Statement, whichever is later. All comments received during this period 
will be considered by the U.S. Department of Justice, which remains 
free to withdraw its consent to the proposed Final Judgment at any time 
before the Court's entry of the Final Judgment. The comments and the 
response of the United States will be filed with the Court. In 
addition, the comments and the United States' responses will be 
published in the Federal Register unless the Court agrees that the 
United States instead may publish them on the U.S. Department of 
Justice, Antitrust Division's internet website.
    Written comments should be submitted in English to: Jill C. 
Maguire, Acting Chief, Healthcare & Consumer Products Section, 
Antitrust Division, United States Department of Justice, 450 Fifth St. 
NW, Suite 4100, Washington, DC 20530, [email protected].
    The proposed Final Judgment provides that the Court retains 
jurisdiction over this action, and the parties may apply to the Court 
for any order necessary or appropriate for the modification, 
interpretation, or enforcement of the Final Judgment.

VI. Alternatives to the Proposed Final Judgment

    As an alternative to the proposed Final Judgment, the United States 
considered continuing its litigation, including its request for a 
permanent injunction against UnitedHealth's acquisition of Amedisys and 
additional monetary penalties against Amedisys, through a full trial on 
the merits. Under the circumstances present here, however, the United 
States concludes that entry of the proposed Final Judgment is in the 
public interest insofar as it avoids the time, expense, and uncertainty 
of a full trial on the merits.

VII. Standard of Review Under the APPA for the Proposed Final Judgment

    Under the Clayton Act and APPA, proposed Final Judgments, or 
``consent decrees,'' in antitrust cases brought by the United States 
are subject to a 60-day comment period, after which the Court shall 
determine whether entry of the proposed Final Judgment ``is in the 
public interest.'' 15 U.S.C. 16(e)(1). In making that determination, 
the Court, in accordance with the statute as amended in 2004, is 
required to consider:
    (A) the competitive impact of such judgment, including termination 
of alleged violations, provisions for enforcement and modification, 
duration of relief sought, anticipated effects of alternative remedies 
actually considered, whether its terms are ambiguous, and any other 
competitive considerations bearing upon the adequacy of such judgment 
that the court deems necessary to a determination of whether the 
consent judgment is in the public interest; and
    (B) the impact of entry of such judgment upon competition in the 
relevant market or markets, upon the public generally and individuals 
alleging specific injury from the violations set forth in the complaint 
including consideration of the public benefit, if any, to be derived 
from a determination of the issues at trial.
    15 U.S.C. 16(e)(1)(A) & (B). In considering these statutory 
factors, the Court's inquiry is necessarily a limited one as the 
government is entitled to ``broad discretion to settle with the 
defendant within the reaches of the public interest.'' United States v. 
Microsoft Corp., 56 F.3d 1448, 1461 (D.C. Cir. 1995); United States v. 
U.S. Airways Grp., Inc., 38 F. Supp. 3d 69, 75 (D.D.C. 2014) 
(explaining that the ``court's inquiry is limited'' in Tunney Act 
settlements); United States v. InBev N.V./S.A., No. 08-1965 (JR), 2009 
U.S. Dist. LEXIS 84787, at *3 (D.D.C. Aug. 11, 2009) (noting that a 
court's review of a proposed Final Judgment is limited and only 
inquires ``into whether the government's determination that the 
proposed remedies will cure the antitrust violations alleged in the 
complaint was reasonable, and whether the mechanisms to enforce the 
final judgment are clear and manageable''); United States v. Charleston 
Area Med. Ctr., Inc., No. 2:16-3664, 2016 U.S. Dist. LEXIS 145963 at 
*5-6 (S.D.W.V. Oct. 21, 2016) (``In evaluating whether the proposed 
final judgment is in the public interest, the inquiry is `a narrow 
one.' '' (quoting Massachusetts v. Microsoft Corp., 372 F.3d 1199, 1236 
(D.C. Cir. 2004))).
    As the U.S. Court of Appeals for the District of Columbia Circuit 
has held, under the APPA, a court considers, among other things, the 
relationship between the remedy secured and the specific allegations in 
the government's complaint, whether the proposed Final Judgment is 
sufficiently clear, whether its enforcement mechanisms are sufficient, 
and whether it may positively harm third parties. See Microsoft, 56 
F.3d at 1458-62. With respect to the adequacy of the relief secured by 
the proposed Final Judgment, a court may not ``make de novo 
determination of facts and issues.'' United States v. W. Elec. Co., 993 
F.2d 1572, 1577 (D.C. Cir. 1993) (quotation marks omitted); see also 
Microsoft, 56 F.3d at 1460-62; United States v. Alcoa, Inc., 152 F.

[[Page 39298]]

Supp. 2d 37, 40 (D.D.C. 2001); United States v. Enova Corp., 107 F. 
Supp. 2d 10, 16 (D.D.C. 2000); InBev, 2009 U.S. Dist. LEXIS 84787, at 
*3. Instead, ``[t]he balancing of competing social and political 
interests affected by a proposed antitrust decree must be left, in the 
first instance, to the discretion of the Attorney General.'' W. Elec. 
Co., 993 F.2d at 1577 (quotation marks omitted). ``The court should 
also bear in mind the flexibility of the public interest inquiry: the 
court's function is not to determine whether the resulting array of 
rights and liabilities is the one that will best serve society, but 
only to confirm that the resulting settlement is within the reaches of 
the public interest.'' Microsoft, 56 F.3d at 1460 (quotation marks 
omitted); see also United States v. Deutsche Telekom AG, No. 19-2232 
(TJK), 2020 WL 1873555, at *7 (D.D.C. Apr. 14, 2020). More demanding 
requirements would ``have enormous practical consequences for the 
government's ability to negotiate future settlements,'' contrary to 
congressional intent. Microsoft, 56 F.3d at 1456. ``The Tunney Act was 
not intended to create a disincentive to the use of the consent 
decree.'' Id.
    The United States' predictions about the efficacy of the remedy are 
to be afforded deference by the Court. See, e.g., Microsoft, 56 F.3d at 
1461 (recognizing courts should give ``due respect to the Justice 
Department's . . . view of the nature of its case''); United States v. 
Iron Mountain, Inc., 217 F. Supp. 3d 146, 152-53 (D.D.C. 2016) (``In 
evaluating objections to settlement agreements under the Tunney Act, a 
court must be mindful that [t]he government need not prove that the 
settlements will perfectly remedy the alleged antitrust harms[;] it 
need only provide a factual basis for concluding that the settlements 
are reasonably adequate remedies for the alleged harms.'' (internal 
citations omitted)); United States v. Republic Servs., Inc., 723 F. 
Supp. 2d 157, 160 (D.D.C. 2010) (noting ``the deferential review to 
which the government's proposed remedy is accorded''); United States v. 
Archer-Daniels-Midland Co., 272 F. Supp. 2d 1, 6 (D.D.C. 2003) (``A 
district court must accord due respect to the government's prediction 
as to the effect of proposed remedies, its perception of the market 
structure, and its view of the nature of the case.''). The ultimate 
question is whether ``the remedies [obtained by the Final Judgment are] 
so inconsonant with the allegations charged as to fall outside of the 
`reaches of the public interest.' '' Microsoft, 56 F.3d at 1461 
(quoting W. Elec. Co., 900 F.2d at 309).
    Moreover, the Court's role under the APPA is limited to reviewing 
the remedy in relationship to the violations that the United States has 
alleged in its Complaint and does not authorize the Court to 
``construct [its] own hypothetical case and then evaluate the decree 
against that case.'' Microsoft, 56 F.3d at 1459; see also U.S. Airways, 
38 F. Supp. 3d at 75 (noting that the court must simply determine 
whether there is a factual foundation for the government's decisions 
such that its conclusions regarding the proposed settlements are 
reasonable); InBev, 2009 U.S. Dist. LEXIS 84787, at *20 (``[T]he 
`public interest' is not to be measured by comparing the violations 
alleged in the complaint against those the court believes could have, 
or even should have, been alleged''). Because the ``court's authority 
to review the decree depends entirely on the government's exercising 
its prosecutorial discretion by bringing a case in the first place,'' 
it follows that ``the court is only authorized to review the decree 
itself,'' and not to ``effectively redraft the complaint'' to inquire 
into other matters that the United States did not pursue. Microsoft, 56 
F.3d at 1459-60.
    In its 2004 amendments to the APPA, Congress made clear its intent 
to preserve the practical benefits of using judgments proposed by the 
United States in antitrust enforcement, and added the unambiguous 
instruction that ``[n]othing in this section shall be construed to 
require the court to conduct an evidentiary hearing or to require the 
court to permit anyone to intervene.'' Public Law 108-237, 221, 118 
Stat. 668-69 (codified as amended at 15 U.S.C. 16(e)(2); see also U.S. 
Airways, 38 F. Supp. 3d at 76 (indicating that a court is not required 
to hold an evidentiary hearing or to permit intervenors as part of its 
review under the Tunney Act). This language explicitly wrote into the 
statute what Congress intended when it first enacted the Tunney Act in 
1974. As Senator Tunney explained: ``The court is nowhere compelled to 
go to trial or to engage in extended proceedings which might have the 
effect of vitiating the benefits of prompt and less costly settlement 
through the consent decree process.'' 119 Cong. Rec. 24,598 (1973) 
(statement of Sen. Tunney). ``A court can make its public interest 
determination based on the competitive impact statement and response to 
public comments alone.'' U.S. Airways, 38 F. Supp. 3d at 76 (citing 
Enova Corp., 107 F. Supp. 2d at 17).

VIII. Determinative Documents

    There are no determinative materials or documents within the 
meaning of the APPA that were considered by the United States in 
formulating the proposed Final Judgment.

    Dated: August 8, 2025.

    Respectfully submitted,

FOR PLAINTIFF UNITED STATES OF AMERICA:

Erin K. Murdock-Park,
United States Department of Justice, Senior Litigation Counsel, 
Antitrust Division, 450 Fifth St. NW, Washington, DC 20530, 
Telephone: (202) 445-8082, Email: [email protected].

[FR Doc. 2025-15486 Filed 8-13-25; 8:45 am]
BILLING CODE 4410-11-P