SAN FRANCISCO — During a presentation of the 37th Annual J.P. Morgan Healthcare Conference here, CVS chief executive officer Larry Merlo talked about the integration efforts that have already taken place to integrate Aetna into its business. Larry Merlo “While it’s only been six weeks, we are absolutely off and running,” Merlo said. He also announced that
WASHINGTON— A federal judge on Tuesday “softened” his previous suggestion that he would likely order CVS Health to halt its integration of Aetna, according to various published reports. U.S. District Judge Richard Leon in recent weeks had voiced some concerns about the companies’ settlement with Justice Department antitrust enforcers that allowed the nearly $70 billion deal
WOONSOCKET, R.I. — Last month, CVS Health completed its acquisition of Aetna, positioning the retail chain as the nation’s premier health innovation company. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” declared CVS Health president and chief executive officer Larry Merlo when
Woonsocket, R.I. – CVS Health on Wednesday announced that it completed its acquisition of Aetna establishing CVS Health as the nation’s premier health innovation company. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” said CVS Health president and chief executive officer Larry Merlo.
WOONSOCKET, R.I. — According to published reports, CVS Health says it now expects to close its $69 billion acquisition of Aetna after the Thanksgiving holiday, after saying earlier this month that it anticipated the deal would close before the holiday. CVS says it has received approval from 26 of the 28 state departments of insurance and
WOONSOCKET, R.I. — Strong gains in the pharmacy retail business helped CVS Health beat analysts’ third quarter earnings and revenue expectations. The company also announced on Tuesday that it anticipates the $69 billion Aetna deal to close before Thanksgiving. Net revenues for the three months ended September 30 increased 2.4%, or $1.1 billion, to about
WASHINGTON — The Department of Justice (DOJ) this month gave preliminary approval for CVS Health’s acquisition of Aetna Corp., which both companies say will remake health care. The remaining hurdle to the $69 billion merger was cleared last month when Aetna agreed to sell its Medicare Part D drug plan business to WellCare Health Plans.
WOONSOCKET, R.I. — Ahead of its planned acquisition of Aetna, CVS Health announced the management team selected to lead the combined company. Once the deal closes, Aetna will operate as a stand-alone business unit within CVS Health and be led by members of its current management team. The transaction, which is subject to regulatory approval,
WOONSOCKET, R.I. — CVS Health has announced the management team that, following the close of the Aetna acquisition, will lead the combined company into the future. Aetna will operate as a stand-alone business unit within the CVS Health enterprise following the close and will be led by members of its current management team. In addition,
WOONSOCKET, R.I. — CVS Health’s revenue was on the rise as it filled more prescriptions and benefited from a lower effective tax rate, the company said on Wednesday in reporting its operating results for the three months ended March 31. The drug store chain said its first quarter revenue increased 2.6% to $45.7 billion from
WOONSOCKET, R.I. — CVS Health’s agreement to buy Aetna for roughly $69 billion can transform the health care system as well as both companies, say analysts. The deal creates the first health care company integrating pharmacies, a pharmacy benefits manager and insurance business. It connects Aetna’s extensive network of providers with CVS’ multiple health access
Democrats in Congress and critics from other quarters wasted little time in raising concerns about CVS Health’s landmark acquisition of Aetna. If finalized, the $77 billion transaction, which includes the assumption of debt, would bring the pharmacy innovation company — with 9,700 drug stores, 1,100 walk-in medical clinics and a pharmacy benefits management division serving