The Justice Department's antitrust division signed off on the transaction with the caveat that the companies complete an agreed-to sale of Aetna'sMedicare prescription drug plans to another insurer. The deal combines CVS' pharmacies with Aetna's insurance business, blurring traditionally distinct lines in hopes of lowering costs.
The companies have said they believe together they can improve customer health by offering more low-cost medical services in CVS's nationwide network of pharmacies, including providing chronic disease screenings and preventative care, such as blood sugar monitoring and vaccines.
The approval of the CVS-Aetna merger comes less than a month after the Justice Department greenlit the $67 billion deal between insurer Cigna Corp. and the nation's largest pharmacy benefit manager, Express Scripts.
On Wednesday, the top law enforcement officials of three states - Connecticut, New Jersey and Washington state - and the District of Columbia announced they had reached settlements with Aetna resolving allegations that the company had mishandled patient information and violated their privacy.
"The AMA worked tirelessly to oppose this merger and presented a wealth of expert empirical evidence to convince regulators that the merger would harm patients", said AMA president Barbara McAneny Wednesday in a statement.
Death Toll From Michael Rises to at Least 13
They included a 45-year-old man swept from his vehicle during a flash flood in Pittsylvania County, state police said. In Panama City, 20 miles (32 km) northwest of Mexico Beach, buildings were crushed and boats were scattered around.
The Justice Department sued and won its case to stop Aetna's $37 billion plan to acquire smaller US health insurer Humana Inc (HUM.N). But in trying to head off the worst cases, CVS and Aetna are aiming to become a part of the nation's social fabric, using the local retail pharmacy as both a window into people's lives beyond the doctor's office and assuming the role of a health-care assistant. Aetna's stock was up 1.3 percent at $206.35 a share in midday trading Wednesday while CVS' stock was up almost 1 percent at $80.22 a share.
CVS Health has characterized the merger as a way to serve customers better, noting that 70 percent of Americans live within three miles of one of its pharmacies.
Critics of the CVS-Aetna deal had anxious that the merger could lead to higher drug prices for Medicare Part D beneficiaries. WellCare Health Plans will buy Aetna's Medicare Part D business, Aetna announced late last month. Walgreens Boots Alliance Inc.is the U.S.' last remaining giant standalone pharmacy chain, and its deal-friendly CEO, Stefano Pessina, has spoken about bringing together pieces of the medical supply chain. The companies maintain a prior view that the transaction will close in the early part of the fourth quarter of 2018.
Aetna previous year had tried to acquire rival insurer Humana Inc. for $34 billion, but that deal also was dropped after a federal judge blocked that merger on antitrust grounds. Anthem Inc., whose deal to acquire Cigna Corp. was blocked a year ago, is another possible acquirer.
The approvals of the CVS-Aetna and Cigna-Express Scripts deals underscore that vertical deals can still get through when companies can show the tie-up will provide consumer benefits.
Kirk Bell, who passed away in 2016, was also honoured in the lifetime achievement category alongside Payne and Walters. Stephenson was informed by Hall member Nancy Lopez and at first thought it was going to be another dose of bad news.
Garmin has been making some moves in the final months of 2018 - and its new outdoor sports watch is the Garmin Instinct . But if you are an adventurer or perhaps a first-responder, the device comes in Graphite, Tundra and Flame Red.
Initial reports from St John Ambulance indicated the woman was attacked by a saltwater crocodile some time this morning. The woman's body and the crocodile were found just before 5pm, less than one kilometre from the scene.
Apple secretly bought a Danish visual effects startup Spektral for over $30 million past year , the media reported. Spektral's website notes that its solution makes it possible to create unique and immersive mixed reality content.
Although if Jamie Lee Curtis is ever being stalked by a vicious serial killer in real life, she too, may opt to reach for a gun. What do you think of the Curtis versus Fox conflict? The film will hit the theaters on October 19.
Facebook recommends you keep your subject three to four feet away and have things in the foreground and background. However, to take advantage of this feature, one needs to take a portrait mode shot from the smartphone.
Emmy-winning sound mixer James Emswiller died on Friday after a fall from a two-story building during the filming of the Mr. Local police revealed that the Pittsburgh native had opted to take a smoke break on a balcony in between filming scenes.
That means we'll be hopping online imminently and trying to get our first Blackout win at the same time as the rest of the world. Given the Shadow Man's prominence in the Black Ops saga, his appearance in Blackout isn't terribly surprising.
Like the New Shepard suborbital launch vehicle that preceded it, the New Glenn's first stage is created to be reusable. "These awards are a leap forward in space launch capabilities, ensuring continued USA dominance in space", said Dr.
The one notable absence will be the Duchess of Cornwall, who is attending a longstanding engagement at a Scottish school. Also in attendance were Princess Anne and her daughter, Olympian Zara Tindall and her son-in-law, Mike Tindall.
Educating the youth on mental health is critical
Kufre gave the advice in an interview with the News Agency of Nigeria (NAN) in Abuja to commemorate the World Mental Health Day . Obaseki made the submission in commemoration of the celebration of World Mental Health Day, marked on October 10, each year.
Trump calls 'loco' Federal Reserve 'too aggressive'
The Fed is an independent body and presidents in recent decades have avoided commenting publicly on its actions. The S&P 500, the market benchmark, closed over 2% lower on Thursday, its sixth straight daily decline.
PSG v Red Star game probed over betting
In a statement, the French club said its contact with Red Star for the match had been completely normal. Red Star Belgrade now sit bottom of Group C of their Champions League group.
Facebook to pay just £7.4 million on 2017 UK tax bill
The bill compared with 5.1 million pounds in 2016, Facebook's British division revealed in an official document lodged last week. It is also planning to double its office space in King's Cross, London , with capacity for more than 6,000 workstations by 2022.
Alexa, Dolby Vision, and more
Microsoft originally revealed its revised Avatars during E3 last year, but the updated Avatars were delayed until this year. Microsoft just announced that the system software update for the Xbox One has started rolling out today for all users.
Hazard Snubs Messi And Ronaldo In His Ballon d'Or Pick
Chelsea star Eden Hazard has been named the Premier League Player of the Month for September after a string of fine performances. Eden Hazard has capped his sensational start to the new season by winning September's Premier League Player of the Month Award.
Google Home Hub Review: Hands-on with New Smart Display
Background: Google Assistant has steadily been getting updates over the past few years, since Google launched it in 2016. That price puts the Lenovo's Smart Display at a higher cost than the Amazon's Echo Show , which goes for about $229.