Categorized | Colorado News, National News, News

Aetna Sells Medicare Part D to Sweeten Merger Deal

Aetna has arranged for the divesting of its standalone Medicare Part D business to a subsidiary of  WellCare Health Plans.  The move will improve chances for a favorable review of the acquisition of Aetna by pharmaceutical giant CVS.    It is speculated that the antitrust review by the Department of Justice is nearing a final decision on both the CVS-Aetna deal and the Express Scripts-Cigna merger.

With a closing date for the sale scheduled by year’s end, Aetna will continue to administer and provide service and support for current Aetna Medicare beneficiaries with affected plans through the 2019 benefit year.

In December of last year, CVS confirmed that it had agreed to buy Aetna for $69 billion. The acquisition would change the health care delivery model by opening up 10,000 CVS pharmacies to clinic locations for the insurer’s members.

Read the Aetna announcement.

Read more at Reuters.

Read more at Healthcare Dive.

Read more on DOJ review at CNBC.

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