Tech

DOJ approves $69B CVS-Aetna merger as healthcare industry restructures

2 monthes ago   |   By Ars Technica

Enlarge / CVS, now an even more towering figure in the healthcare world.
The Department of Justice on Wednesday approved a $69 billion merger between prescription-drug behemoth CVS and insurance giant Aetna, with some strings attached.
The massive merger is just the latest grand-scale restructuring of the health care industry, which is under pressure to rein in unwieldy costs while facing competitive threats from tech giants, such as Amazon , joining the fray.
CVS, which racked up about $185 billion in revenue last year, runs the country's largest retail-pharmacy chain and provides...
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