Weekly News Wire | February 23, 2020
FTC Investigation Nixes Aveanna Healthcare’s $1.2 Billion Acquisition Of Maxim Healthcare Services
On January 30, 2020, the Federal Trade Commission (FTC) announced that it would not approve a merger proposed between Aveanna Healthcare and Maxim Healthcare Services (Maxim). The transaction had been slated to close in the second quarter of 2019. Financial terms were not disclosed, but have been estimated at $1.2 billion. The two companies provide pediatric nursing services and private duty nursing care. The FTC said the merger could have anticompetitive effects in multiple localities across the country; however, the announcement provided no further information.
The proposed merger was initially announced on February 19, 2019. Aveanna Healthcare and Maxim . . .
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