A year in the mak­ing

Modern Healthcare - - News -

DEC. 3, 2017

CVS Health an­nounces its plans to buy health in­surer Aetna for $69 bil­lion in cash and stock.

FEB. 2, 2018

CVS Health’s fourth-quar­ter earn­ings nearly dou­ble, led by a $1.5 bil­lion tax wind­fall. It plans to use the some of the tax break to pay down debt ahead of its pro­posed Aetna ac­qui­si­tion.

MARCH 13, 2018

CVS and Aetna share­hold­ers ap­prove the pro­posed merger.

JUNE 6, 2018

CVS chooses the com­bined com­pany’s ex­ec­u­tive team, in­clud­ing Karen Lynch stay­ing on as pres­i­dent of the Aetna busi­ness. Mark Ber­tolini will re­sign as Aetna CEO, but be added to the CVS board of di­rec­tors. Jon Roberts will serve as ex­ec­u­tive vice pres­i­dent and COO for CVS.

AUG. 2, 2018

Cal­i­for­nia In­sur­ance urges Com­mis­sioner Dave Jones the Jus­tice De­part­ment to re­buff the merger, fear­ing higher prices.

AUG. 8, 2018

The Amer­i­can Med­i­cal As­so­ci­a­tion op­poses the merger.

SEPT. 28, 2018

Aetna sell its Medi­care says it will pre­scrip­tion drug busi­ness to Wel­lCare to clear the way for the merger.

OCT. 10, 2018

The DOJ ap­proves the deal.

NOV. 15, 2018

Cal­i­for­nia reg­u­la­tors grant con­di­tional ap­proval, among other things, de­mand­ing min­i­mal price in­creases.

NOV. 26, 2018

New York and re­main­ing states OK the deal, also with con­di­tions.

NOV. 28, 2018

CVS com­pletes its ac­qui­si­tion of Aetna.

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