Deal Snapshot
WELLCARE CLOSES ACQUISITION OF STANDALONE MEDICARE PART D PRESCRIPTION DRUG PLAN BUSINESS FROM AETNA
Thursday 06 December 2018

US-based health insurer WellCare Health Plans, Inc. (NYSE: WCG) has closed its acquisition of health insurer Aetna Inc.'s standalone Medicare Part D prescription drug plans, the company said.
This was a step in drugstore operator CVS's (NYSE: CVS) closing of its USD 67.5bn acquisition of Aetna. Per the terms of the related agreements, Aetna will provide administrative services to, and assume the financial risk of, the Aetna Part D plans through the end of plan year 2019. 


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Details
Date Published: 06/12/2018
Target: Aetna/ standalone Medicare Part D prescription drug plans
Country: USA
Sector: Healthcare
Type: Divestment
Financing:
Status: Closed
Vendor: Aetna
Buyer: WellCare Health Plans
Comment:
Terms of the deal were not disclosed

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