Tag: Aetna
Judge presses pause on CVS-Aetna deal
December 5, 2018HME News Staff
WOONSOCKET, R.I. - A federal judge has told CVS Health Corp. and Aetna not to begin their integration until he has a chance to weigh in on their $70 billion merger. CVS announced on Nov. 28 that the transaction was completed. U.S. District Judge Richard Leon said, however, that the two companies have until Dec. 14 to show him why they should be allowed to continue with the integration, according to an article on modernhealthcare.com. It is unclear whether Leon has any power to forestall the integration,...
CVS-Aetna deal clears major hurdle
October 11, 2018HME News Staff
WOONSOCKET, R.I. - The U.S. Department of Justice on Wednesday approved the $69 billion merger between CVS Health and Aetna.
The deal, which is expected to be finalized in the fourth quarter of 2018, is still subject to state regulatory approvals, many of which have been granted, according to a press release.
"DOJ clearance is an important step toward bringing together the strengths and capabilities of our two companies to improve the consumer health care experience," said CVS Health President...
Diabetes, sleep and one really big deal
January 23, 2018Theresa Flaherty, Managing Editor
It was one of the last stories we published in 2017, but a potential merger of giants topped the list of most read specialty stories for the year.
The No. 1 story, “CVS-Aetna deal casts chilling shadow over pharmacy landscape,” about CVS's plan to pay approximately $69 billion for the health insurer, deals with the potential negative impact on privately-owned pharmacies. It's easy to see how this latest news of consolidation within the healthcare industry would strike a note...
CVS-Aetna deal casts chilling shadow over pharmacy landscape
December 8, 2017Theresa Flaherty, Managing Editor
YARMOUTH, Maine - If a planned merger between CVS Health and Aetna goes through, community pharmacists say it could flatten the industry.“It's going to have a terrible negative impact on privately-owned pharmacies,” said Steve Nelson, CEO and president of Okeechobee Discount Drugs in Okeechobee, Fla. “They've got a pharmacy benefit manager (CVS CareMark) and now an insurance company. They'll be in direct competition with physicians, they'll sell you policies, you'll see their clinicians—there's...
NCPA rejects 'merger mania'
September 10, 2015HME News Staff
WASHINGTON - The National Community Pharmacists Association (NCPA) supports today's hearing examining the consolidation in the healthcare marketplace, conducted by the House of Representatives Subcommittee on Regulatory Reform, Commercial and Antitrust Law. Of particular concern: the proposed Anthem-Cigna and Aetna-Humana mergers. “Policymakers cannot allow the 'merger mania' gripping the nation to proceed in a way that harms patients and the community pharmacists who serve them,”...