A federal judge reviewing a Justice Department decision to allow U.S. pharmacy c...
WASHINGTON - A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp to merge with health insurer Aetna said on Wednesday that the agreement was in fact legal under antitrust law.
Leon had initially balked at approving the merger conditions and insisted on hearing from critics of the deal, but finally decided to grant the motion to approve the consent agreement. In December, Leon said he was “less convinced” than the government that the asset sale to WellCare would resolve antitrust concerns. Since then, Centene Corp agreed to acquire WellCare for $15.27 billion.
Another critic, U.S. PIRG, expressed skepticism that savings from the merger would end up in consumers’ pockets.
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