Bradley attorney Michael Denniston was quoted in Law360 on a ruling that blocked the proposed $37 billion merger of health insurance giants Aetna Inc. and Humana Inc. The U.S. District Court for the District of Columbia sided with the U.S. Department of Justice in its antitrust suit to block the merger.
"District Judge John D. Bates enjoined the merger of Aetna and Humana on Monday, in a significant victory for the Department of Justice’s Antitrust Division. The court found that the proposed merger would substantially decrease competition in the private Medicare Advantage market, which the court viewed as a definable, separate insurance market. That framework of analysis is consistent with modern antitrust analysis, focusing on market definition, structure and characteristics. As we see in many cases, the court also was not persuaded by the claimed procompetitive efficiencies the parties presented,” Denniston said.
The complete article, “Attys React To $37B Aetna-Humana Merger Ruling,” appeared in Law360 on January 23, 2017. (login required)