HealthExec November 26, 2018
CVS Health received the final approval for its $69 billion merger with the nation’s third-largest health insurance provider, Aetna, on Nov. 26. CVS expects the deal to close Nov. 28, according to a new public filing.
The deal, which was announced at the end of 2017, brings together a major retail pharmacy chain and health insurer at a time when the U.S. healthcare space has been consolidating at a rapid clip.
The transaction faced numerous obstacles, including opposition from several industry groups and scrutiny from lawmakers and regulators. The Department of Justice approved the deal in October on the contingency that Aetna divest its Medicare Part D...