Judge orders hearing before signing off on CVS-Aetna deal

A judge tasked with signing off on a government settlement allowing CVS Health to acquire Aetna ordered a hearing on the matter, according to Reuters.

Judge Richard Leon of the U.S. District Court for the District of Columbia scheduled the hearing for April 5. Mr. Leon said the hearing is being held to discuss if any witnesses should testify on the deal before he approves it.

While CVS and Aetna closed their $70 billion transaction in November, Mr. Leon still has to complete certain procedures required by the Tunney Act. The Tunney Act is a federal law requiring the Justice Department to get a federal court's approval for merger settlements.

More articles on payers:
Minnesota senate passes bill to continue subsidies for health insurers
Humana settles pregnancy discrimination lawsuit
Humana debuts bundled payment model for spinal fusions

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Top 40 articles from the past 6 months