CVS now expects Aetna acquisition to close after Thanksgiving

Health, Fitness & Food

CVS Health now anticipates its roughly $69 billion acquisition of health insurer Aetna to close after Thanksgiving, the company said Tuesday in a regulatory filing. Executives earlier this month said they expected the deal to close before the holiday.

third-quarter earnings results, CVS CEO Larry Merlo said state approvals of the deal were on track to allow the companies to close before Thanksgiving.

The two companies first announced the transaction last December. The Department of Justice granted preliminary approval of the deal in October. CVS said it would sell its Medicare Part D drug plan business to WellCare Health Plans for an undisclosed amount in order ease concerns about the overlap between CVS’ and Aetna’s Medicare Part D plans.

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