October 10, 2018 / 1:50 PM / in a month

U.S. Justice Dept expected to approve CVS deal for Aetna as soon as Wed - source

WASHINGTON, Oct 10 (Reuters) - The U.S. Justice Department is expected to approve drug retailer CVS Health Corp’s deal to buy health insurer Aetna Inc as soon as Wednesday, a source familiar with the review said.

The approximately $69 billion CVS-Aetna deal would be the second large deal this year between insurers and pharmacy benefit managers, a consolidation the companies say will help rein in rising U.S. healthcare costs.

Reporting by Diane Bartz Editing by Chizu Nomiyama

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