Two home healthcare providers, Aveanna Healthcare and Maxim Healthcare Services, have terminated their proposed acquisition agreement, the Federal Trade Commission announced last week.
Atlanta-based Aveanna announced its intent to acquire the home health division of Columbia, Md.-based Maxim Healthcare Services for $1.25 billion last February, according to Home Healthcare News.
FTC regulators said they had concerns over the deal's effect on nursing service competition. As a result, they launched an investigation that lasted several months.
The FTC investigation ended Jan. 30, after the home healthcare providers abandoned their deal.
"As a result of that investigation, staff had concerns about the transactio's potential anti-competitive effects," FTC Chairman Joseph Simons said in a prepared statement. "Now that the deal has been abandoned, patients and private-duty nurses will continue to benefit from competition between Aveanna and Maxim."