[ad_1]
<div _ngcontent-c16 = "" innerhtml = "
Signage is posted in front of the Cigna Corp office. in Bloomfield, Connecticut, USA, Tuesday, November 22, 2016. Photographer: Michael Nagle / bloomberg
Cigna and Express Scripts stated that the United States Department of Justice had authorized the current merger, "ending the applicable waiting period".
This approval comes even before the Justice Department has announced the approval of CVS Health's acquisition of Aetna, surprising some analysts that the Express Scripts-Cigna transaction was announced later.
"We are delighted that the Department of Justice has authorized our transaction and that we are taking another step towards concluding our merger and increasing affordability, choice and predictability for our clients. and customers as a combined company, "said David Cordani Monday. "The value we offer together will help our society take a much more sustainable approach, which will help healthcare professionals fill gaps in care and support our clients throughout their health care journey.
The agreement is still under surveillance in several states. Two weeks ago, Cigna reported that 14 of the 29 states had approved the merger.
But Monday's Justice Department news is good news for investors in both companies in the face of attacks by billionaire Carl Icahn and an influential Republican congressman who has asked the US Department of Justice to conduct a "rigorous review" Of the Cigna-Express Scripts merger and the CVS Health project of Aetna, the third largest health insurer in the country.
"Today's decision is an important step in our effort to connect two innovative health care leaders to a business that will transform healthcare," said Tim Wentworth, CEO of Express Scripts.
">
Signage is posted in front of the Cigna Corp office. in Bloomfield, Connecticut, USA, Tuesday, November 22, 2016. Photographer: Michael Nagle / bloomberg
Cigna and Express Scripts stated that the United States Department of Justice had authorized the current merger, "ending the applicable waiting period".
This approval comes even before the Justice Department has announced the approval of CVS Health's acquisition of Aetna, surprising some analysts that the Express Scripts-Cigna transaction was announced later.
"We are delighted that the Department of Justice has authorized our transaction and that we are taking another step towards concluding our merger and increasing affordability, choice and predictability for our clients. and customers as a combined company, "said David Cordani Monday. "The value we offer together will help our society take a much more sustainable approach, which will help healthcare professionals fill gaps in care and support our clients throughout their health care journey.
The agreement is still under surveillance in several states. Two weeks ago, Cigna reported that 14 of the 29 states had approved the merger.
But Monday's Justice Department news is good news for investors in both companies in the face of attacks by billionaire Carl Icahn and an influential Republican congressman who has asked the US Department of Justice to conduct a "rigorous review" Of the Cigna-Express Scripts merger and the CVS Health project of Aetna, the third largest health insurer in the country.
"Today's decision is an important step in our effort to connect two innovative health care leaders to a business that will transform healthcare," said Tim Wentworth, CEO of Express Scripts.
