DOJ approves $69B CVS Health-Aetna merger, with conditions

The proposed $69 billion merger between CVS Health and Aetna is getting a greenlight from the Department of Justice, with some conditions.

Posted: Oct. 10, 2018 11:43 AM

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.

Article Comments

New York Sash Teddy Bear Toss VIP Giveaway
Bootiful Costume Contest
Utica
Overcast
35° wxIcon
Hi: 48° Lo: 39°
Feels Like: 31°
Oneonta
Overcast
34° wxIcon
Hi: 49° Lo: 38°
Feels Like: 29°
Herkimer
Overcast
35° wxIcon
Hi: 49° Lo: 39°
Feels Like: 31°
Thendara
Overcast
35° wxIcon
Hi: 41° Lo: 34°
Feels Like: 31°
WKTV Radar
WKTV Temperatures
WKTV Severe Weather
Click Here for A Healthier Mohawk Valley