U.S. Clears Way for CVS Acquisition of Aetna That Promises Consumer Cost Savings

Article 0 Comments Pharmacy chain CVS Health Corp. won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc., the Justice Department said on Wednesday, paving the way for a combination with potential to cut U.S. healthcare costs for consumers. The companies have said they will save […]

Cigna Says Express Scripts Acquisition Passes Antitrust Review

Article 0 Comments Health insurer Cigna Corp.’s $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co. has passed U.S. antitrust scrutiny, the companies said on Monday, allowing them to proceed with a combination they say will lead to lower costs by better coordinating pharmacy and medical benefits. Wall […]

Cigna Confident About Express Scripts Deal, Despite Icahn Opposition

Article 0 Comments Cigna Corp. said on Thursday it was confident of winning shareholder approval for its $52 billion Express Scripts buyout, a day after reports that investor Carl Icahn had picked up a stake in the insurer and was planning to vote against the deal. Cigna’s shares rose nearly […]

Investor Icahn to Oppose Cigna-Express Deal, Fearing Amazon Threat: Sources

Article 0 Comments Activist investor Carl Icahn has built a sizable stake in Cigna Corp. and plans to oppose the health insurer’s $54 billion takeover of pharmacy-benefits firm Express Scripts Holding Co., according to people familiar with the matter. Chief among Icahn’s concerns is that Amazon.com Inc.’s entrance into the […]

Amazon to Buy Online Pharmacy Startup PillPack as Entry Into Health Care

Article 0 Comments Amazon.com Inc. agreed to buy the online pharmacy startup PillPack, jumping into the health care business with a deal that will give the retail giant an immediate nationwide drug network. The move represents a formidable threat to pharmacy chains including Walgreens Boots Alliance Inc., which earlier Wednesday […]