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CVS/SAetna CVS and Aetna have predicted that their merger will “transform the patient healthcare experience and deliver better care and coordination while saving costs for consumers.”

Nearly a year after the two companies first launched the deal that would combine them into a single entity, the last holdout against the CVS Health-Aetna merger has finally given in, and the $69 billion merger between the two behemoths is set to close this week.

According to Modern Healthcare, New York—one of the last holdouts against the deal—gave the merger a go-ahead, under several conditions, including limits on health insurance premium increases as well as a promise to invest in insurance education and enrollment activities.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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