The Department of Justice has asked a judge to approve the $69 billion merger between CVS Health and Aetna, which was closed by the two companies at the end of 2018, Reuters reported. The deal has been hung up on court approval, though it has been approved by all other regulators and the DOJ.
As the deal was set to close, Judge Richard Leon of the U.S. District Court for the District of Columbia noted that the government appeared to have given the transaction a “rubber stamped” approval and voiced antitrust concerns.
At this point, Leon could approve the deal or hold a hearing to bring voice to critics of the deal, Reuters reported.
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Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."