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CVS-Aetna Deal That Aims to Overhaul Health Care Cleared

  • Justice Department had been reviewing proposed health deal
  • Merger would reshape pharmacy, insurance and drug benefits
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Larry Merlo, CVS ceo, discusses the state of the health-care industry with Bloomberg on Sept. 20. Markets: Balance of Power." (Source: Bloomberg)
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CVS Health Corp. and Aetna Inc. received conditional approval to proceed with their proposed $68 billion merger, one of the largest in a series of recent deals that stand to transform the U.S. health-care business.

The combination would create a giant with a hand in insurance, prescription-drug benefits and drugstores across the U.S. By bringing those businesses under one roof, the companies are betting they’ll be better-positioned to face changing consumer habits and the emergence of new rivals.