A federal judge approved a Justice Department settlement yesterday that allowed CVS’s nearly $70 billion acquisition of health insurer Aetna Inc., removing a cloud of uncertainty for the merged company. The Justice Department approved the CVS-Aetna deal nearly a year ago, but required CVS to sell off Aetna’s Part D business; CVS completed the acquisition weeks later, and sold Aetna’s Medicare assets to WellCare. The merger combines the nation’s third-largest health insurer with CVS’s sprawling network of pharmacies and its pharmacy-benefit-management business.
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