News Headlines Article

CVS’ bottom line sags after Aetna takeover
Modern Healthcare

Health reported fourth-quarter and full-year 2018 earnings on Wednesday—the first period with some contribution from its newly acquired health insurer Aetna.

While a federal judge previously had warned the companies to stay apart until he gave final approval to the merger, CVS’ financial report shows the two companies, which officially closed their merger on Nov. 28, are very much together.

As expected, Aetna has yet to contribute benefits to CVS’ bottom line, which plummeted in the fourth quarter and full year 2018 compared with the same periods in 2017 because of problems with its long-term care business and expenses related to the Aetna takeover.

Commands