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Justice Department approves CVS-Aetna merger with divestiture

Posted by www.psmbrokerage.com Admin on Wed, Oct 10, 2018 @ 11:51 AM

Justice Department approves CVS-Aetna merger with divestiture

  


On October 10
we learned that the Department of Justice (DOJ) will allow CVS Health’s acquisition of Aetna to proceed.

Under the DOJ consent decree, closing of the CVS Health-Aetna transaction may proceed prior to the effective date of Aetna’s previously announced divestiture of its entire standalone Medicare Part D business to a subsidiary of WellCare Health Plans, Inc. Aetna and CVS Health will continue to operate as separate companies until the CVS Health transaction is complete.

While the DOJ decision is an important step toward finalizing the CVS Health transaction, closing remains subject to certain state regulatory approvals and satisfaction of other closing conditions. We continue to expect the CVS Health transaction to close this year.

We value our relationship, and will keep you informed every step of the way in accordance with the terms of our current agreements.

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Additional Updates:
 

Tags: Medicare Advantage, aetna, AEP

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