Mergers & Acquisitions
Aetna's divestiture of Medicare Part D prescription drug plans to WellCare would fully resolve DOJ concerns.
Cleveland Clinic will have ultimate governing authority, and will maintain services at the facility for at least 10 years.
The systems include 68 hospital campuses, more than 1,100 care delivery sites, nearly 14,000 employed, independent and academic physicians and two health plans.
Insurer's pharmacy benefits business OptumRx will take over Genoa, which specializes in behavioral health and addiction treatment.
The sale will be completed by the end of the year but is contingent upon the closing of its merger with CVS Health.
Patients would be steered away from their physicians, Association of American Physicians and Surgeons said in letter to AG Jeff Sessions.
Eastern Maine Healthcare Systems is the latest hospital to rename itself to keep pace with changes, digital health and otherwise, reshaping the industry.
The antitrust concern over the Medicare prescription drug plans is holding up approval of the $69 billion deal.
The next expected approval is for CVS Health's $69 billion acquisition of Aetna.
Stockholders for both companies greenlighted the merger in late August, and the final approval has been highly anticipated.