Bloomfield health insurer Cigna said it recently cleared another regulatory millstone for its proposed $67 billion purchase of pharmacy benefits manager Express Scripts.
Cigna said 14 of 29 states have approved its Express Scripts buyout, almost a week after 90 percent of its shareholders greenlit the deal, according to a regulatory filing with the Securities & Exchange Commission.
Cigna did not specify which states signed off on the deal or the states needed to close the transaction.
The U.S. Justice Department, which sued to block the $37 billion Aetna-Humana merger and a proposed acquisition between Anthem and Cigna in July 2016, is expected to complete its antitrust review of the proposed deal later this year.
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Cigna has said it expects the purchase to be completed by year-end.
Date: September 4, 2018
Source: Hartford Business