The attorneys general of Illinois and Connecticut are part of a multistate task force investigating the consequences of CVS Caremark Corp.’s 2007 purchase of Caremark Rx Inc., Bloomberg News reported last week.
The task force is reviewing “specifically the relationship and practices by CVS and Caremark following the companies’ 2007 merger,” Connecticut Attorney General Richard Blumenthal said last week in an e-mailed statement. Natalie Bauer, a spokeswoman for Illinois Attorney General Lisa Madigan, said that the state is involved in the probe and she couldn’t comment further.
The office of Florida Attorney General Bill McCollum confirmed his state is part of the task force. The Caremark unit provides pharmacy-benefits management to employers and accounted for about half of the company’s 2009 sales of $98.7 billion.
Carolyn Castel, a spokeswoman for CVS, said the company has not received notice of a multistate investigation. •
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