CVS Health and Aetna Inc. announced the completion of their approximately $70 billion merger Wednesday morning, days after New York state regulators signed off on a deal with the potential to reshape the healthcare industry. | The deal capped off an eventful year for both companies as they have vertically integrated heading into 2019.
| | The DOJ signed off last month, and state regulators imposed stipulations of their own.
| | The most significant stipulation was Aetna's sale of its Medicaid Part D business to WellCare Health Plans.
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Both CVS and Aetna saw their stocks rise in recent days as state regulators from California and New York blessed the deal. Read the full story. |