A previously planned sale of Aetna's Medicare drug plans to another insurer resolved the antitrust enforcer's concerns, the Justice Department said.
CVS Health Corp. and Aetna Inc. can go ahead with their about $68 billion deal, the Justice Department said, clearing the way for a merger that will create a health-care giant with a hand in insurance, prescription-drug benefits and drugstores across the U.S.
A previously planned sale of Aetna's Medicare drug plans to another insurer resolved the antitrust enforcer's concerns, the Justice Department said in a statement Wednesday announcing the approval.
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“The divestitures required here allow for the creation of an integrated pharmacy and health benefits company that has the potential to generate benefits by improving the quality and lowering the costs of the health-care services that American consumers can obtain,” Makan Delrahim, the head of the department's antitrust division, said in the statement.
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