Merger Of NYC Health Insurance Giants Clears Major Hurdle
Posted 05/17/10
Health care giants Group Health Inc. ("GHI") and HIP Foundation Inc. ("HIP") have cleared the latest legal obstacle to their merger.
On May 12, 2010, U.S. Judge Richard J. Sullivan of the Southern District of New York dismissed the City of New York's antitrust suit attempting to unravel the merger of GHI and HIP. Judge Sullivan's decision added a decisive, albeit not final, nail to the coffin of the City's...