NEW YORK (AP) - The proposed $69 billion merger between CVS Health and Aetna is getting a greenlight from the Department of Justice, with some conditions.
The Justice Department on Wednesday approved the deal on the condition that Aetna moves ahead with its plan to sell its Medicare Part D prescription drug plan business, resolving some anti-monopoly issues.
Aetna announced last month it'd sell the business for an undisclosed amount.
CVS announced plans to buy Hartford, Connecticut's Aetna late last year. The deal is expected to give the Woonsocket, Rhode Island, drugstore chain a bigger role in health care, with the companies combining to manage care through CVS stores, clinics and prescription drugs.
- DOJ approves $69B CVS Health-Aetna merger, with conditions
- Brindisi calls on Department of Justice to block merger between CVS, Aetna
- NYS Health Dept. committee grants conditional approval for new hospital construction
- Conditions in Otsego County
- CVA seniors reflect on merger during annual walk-through tradition
- Herkimer County approves 2018 budget
- Road conditions for the holiday weekend
- Dangerous travel conditions in the Mohawk Valley
- Freezing Rain and Windy Conditions Sunday Morning
- Drought like conditions starting to arise