HARTFORD, Conn. — Aetna, a CVS Health business, is offering resources to members who have been affected by floods in Illinois, Iowa, Kansas, Michigan, Nebraska, Ohio, South Dakota and Wisconsin. Aetna members can refill their prescriptions early, if needed. Members who use Aetna’s mail-order pharmacy can either get a prescription at an alternate delivery location or refill a
WOONSOCKET, R.I. — According to published reports in the Wall Street Journal, CVS Health has named a new chief information officer tasked with integrating its information technology and data with IT systems used by Aetna, which the drugstore chain acquired last year in a $70 billion deal. Roshan Navagamuwa, who over the past year served
WASHINGTON — A federal judge has been formally asked by the Justice Department to approve CVS Health’s acquisition of Aetna Inc. District Court Judge Richard Leon had rebuked the government and the companies late last year for closing the $69 billion dollar deal prior to approval of a consent order. In response, CVS offered to
HOUSTON — CVS Health has unveiled a new health-focused store concept here that’s designed to help the pharmacy chain become more of a health-care provider. The three HealthHUB pilot stores that opened in the Houston area in December are part of the company’s vision for its $70 billion acquisition of health insurer Aetna. In addition
HARTFORD, Conn. — As part of an ongoing commitment to supporting community health and wellness, the Aetna Foundation today announced the two grand prize winners of the Healthiest Cities & Counties Challenge (the Challenge). The Mecklenburg County, N.C., Village HeartBEAT program won the $500,000 grand prize from the mid-sized city or county category (population 250,001
BOSTON — Aetna, a CVS Health business, has launched Attain, a unique health experience designed by Aetna in collaboration with Apple. Through the use of an Apple Watch, the Attain app will provide Aetna members personalized goals, track their daily activity levels, recommend healthy actions, and ultimately reward them for taking these actions to improve their
WOONSOCKET, R.I. — CVS Health announced that Aetna, a CVS Health business, has entered into a four-year reinsurance arrangement with Vitality Re X Limited as part of its long-term capital management strategy. The arrangement allows CVS Health to reduce its required capital and provides $200 million of collateralized excess of loss reinsurance coverage on a portion of Aetna’s
WASHINGTON—According to various published reports, a federal judge on Tuesday “softened” his previous suggestion that he would likely order CVS Health to halt its integration of Aetna. U.S. District Judge Richard Leon in recent weeks had voiced some concerns about the companies’ settlement with Justice Department antitrust enforcers that allowed the nearly $70 billion deal
U.S. district court judge Richard Leon put somewhat of a damper on CVS Health’s merger with Aetna earlier this month when he indicated that he might order a halt to the integration of the companies, which finalized their $78 billion tie-up in late November after winning approval from the Department of Justice and state regulators.
WOONSOCKET, R.I. – CVS Health today announced that it has completed its acquisition of Aetna establishing CVS Health as the nation’s premier health innovation company. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” declared CVS Health president and chief executive officer Larry Merlo.
OVERLAND PARK, Kan. — Ahead of its deal with CVS, Aetna announced an agreement to divest all of Aetna’s standalone Medicare Part D business to a subsidiary of WellCare Health Plans, Inc. (WellCare). The company said the divestiture is subject to the completion of CVS Health’s proposed acquisition of Aetna, regulatory approvals and other customary
WOONSOCKET, R.I. — CVS Health has announced the management team that, following the close of the Aetna acquisition, will lead the combined company into the future. Aetna will operate as a stand-alone business unit within the CVS Health enterprise following the close and will be led by members of its current management team. In addition,
WOONSOCKET, R.I. — Shareholders of CVS Health voted overwhelmingly to approve the company’s $69 billion deal to acquire health insurer Aetna Inc. CVS said that in a special stockholders meeting on Tuesday, more than 98% of shares were voted in favor of the CVS-Aetna merger agreement, which was announced in early December. Also at a
BLOOMFIELD, Conn., and ST. LOUIS — Continuing cross-segment consolidation in the health care arena, health insurer Cigna Corp. plans to acquire pharmacy benefits manager Express Scripts in a $67 billion cash and stock deal. The companies said Thursday that, under the Cigna-Express Scripts merger agreement, Cigna will pay Express Scripts shareholders $48.75 in cash and 0.2434