US: CVS heads to court Tuesday to defend Aetna deal

US: CVS heads to court Tuesday to defend Aetna deal

According to the Wall Street Journal, CVS will defend its acquisition of insurer Aetna in two high-profile settings Tuesday, June 4, seeking to sell a federal judge on the nearly US$70 billion deal. CVS lawyers will be in a DC, federal court for the start of a three-day proceeding in which US District Judge Richard […]

US: Judge calls hearing on merger of CVS and Aetna

US: Judge calls hearing on merger of CVS and Aetna

A federal judge on Monday ordered up to three days of hearings next month to consider CVS Health’s $69 billion merger with Aetna, which has closed but must still get court approval. Judge Richard Leon US District Court for the District of Columbia set a hearing to start on June 3 and to run a maximum of three days, […]

US: Shutdown may slow resolution of CVS/Aetna deal

US: Shutdown may slow resolution of CVS/Aetna deal

Seafood provider Chicken of the Sea International (COSI) has come to an agreement with 29 grocery retailers and distributors resolving their antitrust claims. Under the terms of the agreement, COSI will pay a cash settlement and work with the companies to promote Chicken of the Sea products. The agreement comes in the wake of COSI’s […]

US: Judge accepts CVS offer, won’t block Aetna integration

US: Judge accepts CVS offer, won’t block Aetna integration

Judge Richard Leon, who is currently scrutinizing CVS Health’s $69 billion buyout of Hartford health insurer Aetna, appeared to soften his stance on the pending merger shortly before Christmas, opting not to block most integration proceedings between the two companies while his investigation gets underway. Reuters reported Saturday, December 22, that Judge Leon of the […]

US: CVS, Aetna finalize US$69B merger

US: CVS, Aetna finalize US$69B merger

The nation’s largest retail pharmacy, CVS, announced on Wednesday, November 28, it had completed a US$69 billion acquisition of health insurance giant Aetna, CNBC reported. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” CVS Health president and CEO Larry Merlo said in […]

US: CVS, Aetna win final state approval

US: CVS, Aetna win final state approval

CVS Health and Aetna have received the final state approval they need to complete their roughly US$69 billion merger and now expect the deal to close “on or about” November 28, the companies announced Monday, November 26, in regulatory filings. The companies had been expecting to finalize the merger by Thanksgiving. However, a handful of […]

US: CVS-Aetna win approval for US$69b merger

US: CVS-Aetna win approval for US$69b merger

Pharmacy chain CVS won US antitrust approval for its US69 billion acquisition of health insurer Aetna, the Justice Department announced on Wednesday, October 10, reported the Washington Post. The merger can go ahead as long as Aetna sells off its private Medicare drug plans, the Justice Department said. The tie-up will allow CVS, whose retail […]

US: Aetna divests Medicare business seeking CVS merger approval

US: Aetna divests Medicare business seeking CVS merger approval

Aetna announced plans on Thursday, September 27, to sell its Medicare prescription-drug business to WellCare Health Plans, a key step towards gaining regulator approval for its US$67.5 billion merger with CVS. Although financial terms of the deal weren’t disclosed, in a securities filing, Aetna stated that the “purchase price is not material” to the company. […]

US: Opposition grows against Aetna-CVS tie-up

US: Opposition grows against Aetna-CVS tie-up

A proposed merger between Aetna and CVS has come under fire from the Association of American Physicians and Surgeons (AAPS). In a letter to Attorney General Jeff Sessions, AAPS President-elect Marilyn Singleton, MD, JD, said that the merger would be bad for patients. “Mergers can decrease competition and such mergers are not in the interest of […]

US: CVS and Rite Aid join antitrust suit against AbbVie

US: CVS and Rite Aid join antitrust suit against AbbVie

CVS and Rite Aid have joined the slew of antitrust lawsuits against AndroGel maker AbbVie and its affiliates and are seeking triple damages against the company for allegedly delaying the availability of cheaper generic drugs through patent lawsuits. The pharmacy chains, in a lawsuit filed last week, allege that AbbVie and its partners used “sham” […]