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AETNA INC. has sold its Medicare prescription-drug business to WellCare Health Plans to clear the way for approval of its sale to CVS Health Corp. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Aetna clears path to CVS merger with sale of assets to...

NEW YORK - Aetna Inc. said it plans to sell its Medicare prescription-drug business to WellCare Health Plans Inc., a key step toward completing...
THE U.S DEPARTMENT of of Justice is reportedly on track to soon approve CVS Health’s takeover of insurer Aetna, as well as the acquisition of pharmacy-benefit manager Express Scripts Holding by health insurer Cigna. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

Major health-industry deals are said to move closer to approval

NEW YORK - Two major health care deals that stand to reshape the insurance and pharmacy industries are moving toward winning antitrust approval, according...
CVS HEALTH reported a $2.6 billion loss in the second quarter of 2018, largely due to a $3.9 billion pre-tax goodwill impairment charge for its long-term care segment. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS Health reports $2.6B Q2 loss, dragged down by $3.9B goodwill...

WOONSOCKET – CVS Health Corp. reported a $2.6 billion loss on Wednesday for the second quarter of 2018, or $2.52 per diluted share. The company...

CVS-Aetna deal said to dodge antitrust hurdle that AT&T faced

NEW YORK - CVS Health Corp. has dodged one hurdle in its bid to buy insurer Aetna Inc., as antitrust enforcers don’t see competitive...
HASBRO HAS been named as a Civic 50 Honoree each year since the award's inception in 2012. This year CVS Health was also honored. / BLOOMBERG FILE PHOTO/MICHAEL SPRINGER

2 R.I. companies honored for corporate citizenship

PROVIDENCE – Both CVS Health Corp. and Hasbro Inc. have been named as 2018 Civic 50 honorees, an award for superior corporate citizenship from...
CVS HEALTH announced its plans to integrate Aetna and CVS executives following the companies' planned merger. Aetna will operate as a stand-alone business unit within the company following the close. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

CVS announces post-Aetna-merger management team plans

WOONSOCKET – CVS Health Corp. revealed its proposed reorganized management team Wednesday that would go into effect if the company’s acquisition of Aetna Inc....
CVS HEALTH CORP. ranked No. 7 on the Fortune 500 list based on 2017 revenue. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

4 R.I. companies make Fortune 500 list

PROVIDENCE – Four Rhode Island-based companies have made the Fortune 500, a list of the largest United States corporations based on 2017 revenue that...
SKEPTICS OF THE proposed CVS-Aetna merger are critical of the assertion that the average consumer will benefit from any of the combined company's anticipated cost savings. /BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

Skeptical voices gather against CVS-Aetna merger

WOONSOCKET — CVS Health Corp. and Aetna Inc. have billed their pending $67.5 billion merger as a force for positive change in the health...
WALMART IS SAID to be in talks to acquire Humana. / BLOOMBERG FILE PHOTO/PAUL TAGGART

Walmart is said in talks with Humana for deeper partnership

NEW YORK - Walmart Inc. is in talks with health insurer Humana Inc. for a closer partnership to provide health care to consumers at...
CVS HEALTH CORP. PRESIDENT AND CEO Larry J. Merlo has vaulted the first hurdle in makiing the proposed CVS Health-Aetna merge a reality, as shareholders of both companies voted to approve the combination Tuesday. / COURTESY CVS HEALTH

CVS, Aetna shareholders approve merger

WOONSOCKET – By overwhelming margins, the shareholders of CVS Health Corp. and Aetna Inc. approved the proposed merger of the retail pharmacy and benefits...
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