- The Department of Justice is getting close to approving two healthcare megamergers, The Wall Street Journal reported Wendesday.
- The mergers —one between pharmacy CVS Health and insurer Aetna, and the other between insurer Cigna and pharmacy-benefits manager Express Scripts— were announced at the end of 2017 and in March, respectively.
- Express Scripts was up as much as 4% on the report.
- Cigna, Aetna, and CVS were all up at least 1%.
- The mergers, which would redraw the lines around what defines healthcare companies had received additional scrutiny from the DOJ, which requested more information from both sets of companies.
- The Journal reports CVS and Aetna may be required to sell certain businesses related to Medicare drug coverage in order for their merger to go through, while a Cigna-Express Scripts deal could come with no such requirements.
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