Bloomberg Law
Oct. 10, 2018, 4:55 PM UTC

CVS-Aetna Deal That Aims to Overhaul Health Care Cleared by U.S.

David McLaughlin
David McLaughlin
Bloomberg News
Robert Langreth
Robert Langreth
Bloomberg News

CVS Health Corp. and Aetna Inc. received conditional approval to proceed with their proposed $68 billion merger, one of the largest in a series of recent deals that stand to transform the U.S. health care business.

The combination would create a giant with a hand in insurance, prescription drug benefits, and drugstores across the U.S. By bringing those businesses under one roof, the companies are betting they’ll be better-positioned to face changing consumer habits and the emergence of new rivals.

The Justice Department’s Antitrust Division signed off on the transaction with the caveat that the companies complete an agreed-to sale ...

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