Aetna, Anthem mega-deals appear headed for trouble
Officials with the antitrust division of the U.S. Justice Department likely will file lawsuits this month to block Anthem’s $53 billion acquisition of Cigna Corp. andAetna’s $37 billion deal for Humana, Bloomberg first reported Tuesday, citing anonymous sources.
Halting both major pending health insurance deals would mark a strong antitrust stance in the waning months of the Obama administration—which is fighting to preserve the legacy of the Affordable Care Act and increasingly has cracked down on other large corporate transactions. Seven Democratic U.S. senatorshave also urged the Justice Department to flex its muscles and stop the mergers.
Read the full article: Modern Healthcare