Wednesday, October 10, 2018

CVS gets preliminary OK from DOJ for acquisition of Aetna—with some conditions

Chain Store Age
A blockbuster deal that has the potential to transform the nation’s health care industry has been given the green light by the U.S. Department of Justice.

CVS Health announced that it has entered into an agreement with the DOJ that allows it to proceed with its proposed $69 billion acquisition of Aetna. DOJ clearance is a key milestone toward finalizing the transaction, which is also subject to state regulatory approvals, many of which have already been granted, according to CVS. The deal was also approved on the condition that Aetna sells its Medicare Part D prescription drug plan business — a move that Aetna has already announced. . . . more