CVS and Aetna Merger Officially Complete

Published by Lauren Hayden

Lauren Hayden | Copywriter

Lauren Hayden was a copywriter with Ritter Insurance Marketing. She graduated magna cum laude from Misericordia University, where she received her Bachelor of Arts in English with a minor in communications. Some of Lauren’s loves include theatre, the beach, and her adorable kitten, Mango! When not at work, she enjoys seeing Broadway shows, going to concerts, and spending time with her family and friends.

• January 10, 2019

CVS and Aetna’s $69 billion merger is now officially complete. The deal closed on Wednesday November 28, 2018.

Both Aetna and CVS were expecting to finalize the deal by Thanksgiving. However, several of the 28 states that needed to approve the merger had opposing views, saying integrating the two companies could potentially be bad for consumers and reduce competition.

Preliminary approval was granted by the Department of Justice in early October with one stipulation: CVS and Aetna would remove overlap between their Medicare Part D plans. Aetna agreed to sell WellCare Health Plans their drug plan business. The monetary amount that they settled for has not been disclosed.