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The Department of Justice is getting close to approving two healthcare megamergers, The Wall Street Journal reported Wendesday.
The mergers —one between pharmacy CVS Health and insurer Aetna, and the other between insurer Cigna and pharmacy benefit manager Express Scripts— were announced at the end of 2017 and in March, respectively.
Express - Scripts - % - Report
Express Scripts was up as much as 4% on the report.
Cigna, Aetna, and CVS were all up at least 1%.
Healthcare - Mergers - Light - Justice - Department
Two massive healthcare mergers are about to get the green light from the Justice Department.
The Wall Street Journal reported Wednesday that the DOJ was nearing an approval of both pharmacy CVS Health's $69 billion merger with insurer Aetna, and insurer Cigna's $67 billion deal with pharamcy benefit manager Express Scripts.
Mergers - Lines - Healthcare - Companies - Example
The mergers would redraw the lines around what defines healthcare companies. For example, a combined CVS and Aetna would create a new company containing numerous healthcare businesses, including a health insurer, a retail pharmacy,...
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