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Humana Inc. (HUM) won approval from the U.S. Justice Department to buy Arcadian Management Services Inc. on the condition that it sell the acquired company’s Medicare Advantage business in parts of five states.
The settlement with Humana, filed today in federal court in Washington, requires the Louisville, Kentucky-based health insurer to divest the business in 51 counties to buyers that win approval from antitrust officials, the department said in a statement. The agreement still requires approval of a federal judge.
Humana to Drop Arcadian Plans in Five States in Settlement - Bloomberg
The settlement with Humana, filed today in federal court in Washington, requires the Louisville, Kentucky-based health insurer to divest the business in 51 counties to buyers that win approval from antitrust officials, the department said in a statement. The agreement still requires approval of a federal judge.
Humana to Drop Arcadian Plans in Five States in Settlement - Bloomberg