Home > CVS Beats, Says Aetna Deal Will Close Before Thanksgiving

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CVS Beats, Says Aetna Deal Will Close Before Thanksgiving

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CVS posted third-quarter earnings that beat on both profits and sales, sending shares up as much as 3% before Tuesday's opening bell. The company also reiterated its full-year guidance. CVS announced last month that it has entered into an agreement with the US Department of Justice that allows it to proceed with its proposed acquisition of Aetna, the nation's third-largest health insurance company, on the condition that Aetna sells its individual standalone Medicare Part D prescription-drug business. CVS said in a press release Tuesday, Aetna has found a buyer for the business — a subsidiary of WellCare Health Plans — and so the transaction is expected to close prior to Thanksgiving.

Added on the 06/11/2018 09:23:47 - Copyright : Wochit

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