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CVS completing $69 billion Aetna merger after winning state approvals

By Joe Williams
Published November 26, 2018 3:57pm ET
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CVS completing $69 billion Aetna merger after winning state approvals
Late last year, CVS Health announced a roughly $69 billion deal to buy another insurer, Aetna. Those companies plan to convert drugstores into health care hotspots that people can turn to for a variety of needs in between doctor visits.

CVS Health’s $69 billion acquisition of health insurer Aetna is expected to close on Wednesday after the firms received final regulatory approvals from state insurance agencies, the pharmacy chain said in a government filing on Monday.

The deal — which won approval from the Department of Justice in October — is one of several expected to transform the current U.S. healthcare system. Fellow pharmacy benefit manager Express Scripts is finalizing its merger with insurer Cigna after receiving federal approval in September, while Walgreens Boots Alliance and Humana are reportedly in investment talks.

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Medicare and Medicaid Mergers and Acquisitions Regulations