News a federal judge is finally okay with CVS Health’s acquisition of Aetna makes it “100 percent clear” the two have been one company via a legally formed merger, CVS said Wednesday afternoon.
Judge Richard Leon of the U.S. District Court for the District of Columbia, who had been evaluating complaints the deal would harm consumers, signed off on a settlement agreement CVS negotiated with the U.S. Justice Department, according to multiple news reports.
“CVS Health and Aetna have been one company since November 2018, and today’s action by the district court makes that 100 percent clear,” CVS said in a statement Wednesday afternoon. “We remain focused on transforming the consumer health care experience in America.”
Since last year, Leon had continued to review whether CVS’ proposed $69 billion acquisition is in “the public interest,” calling for quarterly reports from the combined company.
Date: September 05, 2019