Thursday, September 6, 2018

CVS Health, Aetna merger reportedly nears approval

Chain Store Age
The Dept. of Justice is nearing an affirmative decision to CVS Health’s acquisition of Aetna, according to a Wall Street Journal report citing sources familiar with the matter. WSJ’s sources said the final approval could come in the next several weeks.

The report noted that clearing the DOJ’s antitrust hurdles could require the companies to sell off assets having to do with Aetna’s Medicare offerings. WSJ said that WellCare Health Plans is one company in talks as a potential buyer of divested assets.. . . more