Justice Department expected to approve CVS deal for Aetna as soon as Wednesday: source

Shoppers walk outside a CVS store and pharmacy in Medford
FILE PHOTO – Shoppers walk outside a CVS store and pharmacy in Medford, Massachusetts, U.S. December 4, 2017. REUTERS/Brian Snyder

October 10, 2018

WASHINGTON (Reuters) – Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said on Wednesday, paving the way for a combination the companies say can help cut soaring U.S. healthcare costs.

It is the second large recent healthcare deal to win antitrust approval from the U.S. Justice Department. The agency gave the green light to health insurer Cigna Corp’s $52 billion acquisition of the nation’s largest pharmacy benefit manager, Express Scripts Holding Co, on Sept. 17.

(Reporting by Diane Bartz; Editing by Bill Berkrot)

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