Justice Dept. scrutinizes United-Sierra deal
NEWS IN BRIEF — Posted June 4, 2007
UnitedHealth Group says it has received a request for additional information from the Dept. of Justice regarding its proposed $2.6 billion merger with Sierra Health Services.
The Minnetonka, Minn.-based insurer revealed the request in a May 16 filing with the Securities and Exchange Commission. The specific nature of the requested information was not disclosed.
United announced on March 12 it would buy Las Vegas-based Sierra, which operated a health plan and medical group in Nevada. The deal would make United the largest health plan in that state. The AMA has asked the Dept. of Justice to block the deal, citing United's market dominance in Nevada once the merger closed.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/06/04/bibf0604.htm.