Mark Bertolini, CEO of insurance giant Aetna, assured investors that the company’s acquisition of Humana Insurance for over $30 billion would not be held up by anti-trust concerns.
Bertolini said the deal has not been cleared with US regulators yet, but the company did consult with private sources prior to the announcement of the deal.
According to a Reuters report:
“We took a conservative view of what we would need to divest,” Bertolini said during an investor conference call.
Aetna has not discussed the deal directly with the U.S. Department of Justice, but has consulted with regulatory experts, Bertolini told cable channel CNBC.
“We believe that given the legal advice we have…that this is a very manageable transaction,” he said.