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The announcement comes several days after another federal judge rejected a tie-up between two other massive insurers. Blue Cross-Blue Shield carrier Anthem is attempting to buy Cigna for $48 billion. Anthem has vowed to appeal that decision.
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Aetna and Humana announced their deal in July 2015, just a few weeks before Anthem and Cigna said they would also combine. A year later, the U.S. Justice Department sued to block both transactions and won in separate lawsuits, derailing what would have been a massive industry consolidation.
The two deals blocked in federal courts would have melded the nation’s five largest insurers into three, with UnitedHealth Group Inc. currently the biggest.
The Associated Press contributed
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