CVS has said that selling off some Medicare prescription-drug plans wouldn't have a material impact on the expected benefits of the Aetna deal.
Aetna Inc. said it plans to sell its Medicare prescription-drug business to WellCare Health Plans Inc., a key step toward completing its $67.5 billion merger with CVS Health Corp.
Financial terms of the deal weren't disclosed. In a securities filing, Aetna said that the “purchase price is not material” to the company. The divestiture of the Medicare Part D plans to WellCare may help resolve objections to the CVS-Aetna deal from U.S. antitrust regulators.
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