Government Approves CVS, Aetna $69B Merger
CVS AND AETNA'S GAME-CHANGING MERGER GAINS CRUCIAL APPROVAL
Hartford-New Haven, CT (WTNH) – Government officials approved CVS’s bid to acquire Aetna for $69 billion, paving the way for the largest health insurance deal in history.
The landmark merger would be a game-changer for the health care industry.
Aetna shed its medicare part-d prescription drug business for the deal to get the green light from the Trump administration.
The deal will be complete pending a judge’s approval of the settlement.
CVS’s pharmacies and minute clinics are key in the success of the merger.
The hope is to provide faster and broader access for things like vaccinations, diagnosis, and treatment of illnesses like strep throat and ear infections.
Advocacy groups worry the merger will result in reduced competition, harming quality and consumer choice.