• Friday, October 19, 2018
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DOJ approves $69B CVS Health-Aetna merger, with conditions

  • ASSOCIATED PRESS

    Aa sign stood on the campus of the Aetna headquarters, in June 2017, in Hartford, Conn. The proposed $69 billion merger between CVS Health and Aetna is getting a green light from the Department of Justice, with some conditions.

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

The Justice Department today 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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