Humana Divests To Win DOJ Blessing For $150M Arcadian Buy

Law360, New York (March 27, 2012, 5:57 PM EDT) -- Aiming to seal the deal on a $150 million merger, Humana Inc. and Arcadian Management Services Inc. will sell off Medicare Advantage health plans in five states, a step meant to address competition concerns raised by the U.S. Department of Justice, according to a consent decree filed Tuesday.

The DOJ's antitrust division requested divestitures in 51 counties and parishes in Arizona, Arkansas, Louisiana, Oklahoma and Texas. In a statement, Humana said it would comply and offload plans representing 13,000 Medicare Advantage enrollees, most of them Arcadian...
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