Dec 3, 2018

The CVS-Aetna deal isn't quite done yet

A CVS pharmacy store.

A CVS store in New Jersey. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

U.S. District Judge Richard Leon, the federal judge who approved the AT&T-Time Warner deal, said Monday that he's not sold on CVS Health's takeover of Aetna and questioned whether antitrust concerns have been fully resolved, Modern Healthcare reports.

The big picture: CVS completed its acquisition of Aetna last week after meeting state and federal settlements and divestitures, but this latest ruling indicates the $77 billion deal isn't technically done. Leon scheduled another hearing for Dec. 18, and the health care giants have to explain before then why they should merge.

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