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The $69 billion CVS-Aetna merger just got the green light — with some conditions

The $69 billion CVS-Aetna merger just got the green light — with some conditions

The $69 billion CVS-Aetna merger just got the green light — with some conditions Associated Press Oct. 10, 2018, 5:09 PM 0 facebook linkedin twitter email print


The $69 billion CVS-Aetna merger just got the green light — with some conditions

FILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S., August 1, 2016.  REUTERS/Andrew Kelly/File PhotoFILE PHOTO: The CVS logo is seen at one of their stores in Manhattan, New York, U.S.Thomson Reuters

  • The proposed $69 billion merger between CVS Health and Aetna was given Department of Justice approval — with some conditions.
  • Aetna must sell its Medicare Part D prescription drug plan business.
  • Last month, Aetna announced it would sell the business for an undisclosed amount.

(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.

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