The trial challenging the $37 billion merger between Aetna and Humana has come to an end.
The trial that will determine whether Aetna gets to buy Louisville-based Humana began Monday in federal court in Washington, D.C.
The federal judge who will determine the fate of the $37 billion acquisition of Louisville-based Humana likely will not rule until January, according to Bloomberg and Dow Jones Business News. On Wednesday, U.S. District Judge John Bates set a Dec. 5 trial date -- later than Humana and its purchaser Aetna had sought. The companies were trying to preserve the possibility that they could close the deal by their year-end deadline.
As the Justice Department seeks to block Humana's sale to Aetna, WDRB.com business reporter Chris Otts looks at what it means for Louisville.
A federal judge in Washington, D.C. will try to accommodate Aetna and Humana’s request for a trial on their embattled merger in the next few months, which gives the companies a shot of closing the $37 billion by their Dec. 31 deadline. U.S. District Judge John Bates said in a court filing Friday that he will try to honor the companies’ request for a decision on the case by the end of the year.
The four major health insurance companies whose mergers have been challenged by the Justice Department are now at odds with federal officials over how quickly the court cases should be resolved. In separate filings Tuesday, Aetna and Humana – as well Anthem and Cigna – asked a federal judge for trial dates in the next few months.
The impact to Medicare Advantage customers in 21 states.
The U.S. Department of Justice said it would file a lawsuit Thursday to block the takeover of Louisville-based Humana by Aetna. Federal officials confirmed in their earlier filed against the Anthem-Cigna merger that the department was seeking to block both mergers.
Reuters and Bloomberg reported separately Tuesday that U.S. regulators are preparing to file suit to block Aetna's proposed $37 billion takeover of Louisville-based Humana Inc. The reports add to recent speculation that the deal will run into antitrust problems.
It's helping launch the "It Starts with Me" program, which is designed to connect families to health services, activities and education.
Humana Inc. will move nearly 1,200 workers from a former call center building off Blankenbaker Parkway in the east Louisville suburbs to two of the company's downtown buildings next summer.
LOUISVILLE, Ky. (REUTERS/WDRB) -- Aetna's Chief Executive Mark Bertolini said earlier this week that he expects the company's $37 billion acquisition of Louisville-based Humana to close this year. Aetna’s purchase of Louisville-based Humana – the biggest corporate headquarters in Kentucky – was agreed to on July 2 and is expected to close in the second half of 2016. Both companies' shareholders voted 99 percent in favor of the deal, with 82 percent of Aetn...
Aetna’s purchase of Louisville-based Humana – the biggest corporate headquarters in Kentucky – was announced July 2 and is expected to close in the second half of 2016. While Monday’s approval by investors is a required step, it does not mean the deal is done.