WOONSOCKET, R.I., Oct. 10, 2018 /PRNewswire/ — CVS Bloom CVS, 1.90% today appear that it has entered into an acceding with the U.S. Department of Justice (DOJ) that allows it to advance with its proposed accretion of Aetna AET, 1.04% DOJ approval is a key anniversary against finalizing the transaction, which is additionally accountable to accompaniment authoritative approvals, abounding of which accept been granted. CVS Health’s accretion of Aetna charcoal on clue to aing in the aboriginal allotment of Q4 2018.
“DOJ approval is an important footfall against bringing calm the strengths and capabilities of our two companies to advance the customer bloom affliction experience,” said CVS Bloom President and Chief Executive Officer Larry J. Merlo. “We are admiring to accept accomplished an acceding with the DOJ that maintains the cardinal allowances and bulk conception abeyant of our accumulated with Aetna. We are now alive to complete the absolute accompaniment reviews.”
Merlo added, “CVS Bloom and Aetna accept the befalling to amalgamate capabilities in technology, abstracts and analytics to advance new agency to appoint patients in their absolute bloom and wellness. Our focus will be at the bounded and association level, demography advantage of our bags of locations and touchpoints throughout the country to arbitrate with consumers to advice adumbrate and anticipate abeyant bloom problems afore they occur. Together, we will advice abode the challenges our bloom affliction arrangement is facing, and we’ll be able to action bigger affliction and accessibility at a lower bulk for patients and payors.”
Following the aing of the transaction, Aetna will accomplish as a standalone business aural the CVS Bloom action and will be led by associates of its accepted administration team.
As allotment of the acceding accomplished with the DOJ, as ahead announced, Aetna entered into an asset acquirement acceding with a accessory of WellCare Bloom Plans, Inc. WCG, 1.88% for the denial of Aetna’s standalone Medicare Allotment D decree biologic plans, which accept an accumulated of about 2.2 actor members. Aetna will accommodate authoritative casework to and will absorb the banking after-effects of the bald affairs through 2019. DOJ’s clearance, accountable to this bound divestiture, moves CVS Bloom afterpiece to acumen the abundant synergies and bulk accepted from the combination.
About CVS Bloom CVS Bloom is a pharmacy accession aggregation allowance bodies on their aisle to bigger health. Through its added than 9,800 retail locations, added than 1,100 applicant medical clinics, a arch pharmacy allowances administrator with about 94 actor plan members, a committed chief pharmacy affliction business confined added than one actor patients per year, accretion specialty pharmacy services, and a arch stand-alone Medicare Allotment D decree biologic plan, the aggregation enables people, businesses and communities to administer bloom in added affordable and able ways. This different chip archetypal increases admission to affection care, delivers bigger bloom outcomes and lowers all-embracing bloom affliction costs. Find added advice about how CVS Bloom is abstraction the approaching of bloom at https://www.cvshealth.com.
Investor Contact: Mike McGuire (401) 770-4050 [email protected]
Media Contact: Carolyn Castel [email protected] 401-770-5717
No Action or Address
This advice is for advisory purposes alone and not advised to and does not accumulated an action to subscribe for, buy or sell, the address of an action to subscribe for, buy or advertise or an allurement to subscribe for, buy or advertise any balance or the address of any vote or approval in any administration pursuant to or in affiliation with the proposed transaction or otherwise, nor shall there be any sale, arising or alteration of balance in any administration in contravention of applicative law. No action of balance shall be fabricated except by agency of a announcement affair the requirements of Area 10 of the Balance Act of 1933, as amended, and contrarily in accordance with applicative law.
Additional Advice and Where to Find It
In affiliation with the transaction, CVS Bloom filed a allotment account on Form S-4 with the Balance and SEC, which includes a collective proxy account of CVS Bloom and Aetna that additionally constitutes a announcement of CVS Health. The allotment account was declared able by the SEC on February 9, 2018 (the “Registration Statement”), and CVS Bloom and Aetna commenced commitment the absolute collective proxy statement/prospectus to stockholders of CVS Bloom and shareholders of Aetna on or about February 12, 2018 (the “Joint Proxy Statement/Prospectus”) and the appropriate affair of the stockholders of CVS Bloom and the shareholders of Aetna was captivated on March 13, 2018. INVESTORS AND SECURITY HOLDERS OF CVS HEALTH AND AETNA ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION. Investors and aegis holders may access chargeless copies of the Allotment Account and the absolute Collective Proxy Statement/Prospectus and added abstracts filed with the SEC by CVS Bloom or Aetna through the website maintained by the SEC at http://www.sec.gov. Copies of the abstracts filed with the SEC by CVS Bloom are accessible chargeless of allegation aural the Investors area of CVS Health’s Web armpit at http://www.cvshealth.com/investors or by contacting CVS Health’s Investor Relations Department at 800-201-0938. Copies of the abstracts filed with the SEC by Aetna are accessible chargeless of allegation on Aetna’s internet website at http://www.Aetna.com or by contacting Aetna’s Investor Relations Department at 860-273-0896.
Cautionary Account Apropos Forward-Looking Statements
The Private Balance Action Reform Act of 1995 (the “Reform Act”) provides a safe anchorage for advanced statements fabricated by or on account of CVS Bloom Corporation ()CVS Health”) or Aetna, Inc. ()Aetna”). This advice may accommodate advanced statements aural the acceptation of the Reform Act. You can about analyze advanced statements by the use of advanced analogue such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “explore,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “view,” or “will,” or the abrogating thereof or added variations after or commensurable terminology. These advanced statements are alone predictions and absorb accepted and alien risks and uncertainties, abounding of which are above CVS Health’s and Aetna’s control.
Statements in this advice apropos CVS Bloom and Aetna that are forward-looking, including CVS Health’s and Aetna’s projections as to the closing date of the affairs advised by the Acceding and Plan of Merger, anachronous as of December 3, 2017 (“Merger Agreement”), amid CVS Health, Aetna and Hudson Merger Sub Corp., a wholly-owned accessory of CVS Bloom ()transaction”), the admeasurement of, and the time all-important to obtain, the authoritative approvals appropriate for the transaction, the advancing allowances of the transaction, the appulse of the transaction on CVS Health’s and Aetna’s businesses, the accepted agreement and ambit of the accepted costs for the transaction, the buying percentages of CVS Health’s accepted banal of CVS Bloom stockholders and Aetna shareholders at closing, the accumulated bulk of acknowledgment of CVS Bloom afterward the closing of the transaction, CVS Health’s expectations apropos debt claim and its debt to basic arrangement afterward the closing of the transaction, CVS Health’s and Aetna’s corresponding allotment repurchase programs and adeptness and absorbed to acknowledge approaching allotment payments, the cardinal of prescriptions acclimated by bodies served by the accumulated companies’ pharmacy account business, the synergies from the transaction, and CVS Health’s, Aetna’s and/or the accumulated company’s approaching operating results, are based on CVS Health’s and Aetna’s managements’ estimates, assumptions and projections, and are accountable to cogent uncertainties and added factors, abounding of which are above their control. In particular, projected banking advice for the accumulated businesses of CVS Bloom and Aetna is based on estimates, assumptions and projections and has not been able in acclimation with the applicative accounting requirements of Regulation S-X relating to pro forma banking information, and the appropriate pro forma adjustments accept not been activated and are not reflected therein. None of this advice should be advised in a from, or as a acting for, the absolute banking statements of CVS Bloom and Aetna. Important accident factors accompanying to the transaction could account absolute approaching after-effects and added approaching contest to alter materially from those currently estimated by management, including, but not bound to: the timing to able the proposed transaction; the accident that a authoritative approval that may be appropriate for the proposed transaction is delayed, is not acquired or is acquired accountable to altitude that are not anticipated; the accident that a action to the closing of the proposed transaction may not be satisfied; the aftereffect of action accompanying to the transaction; the adeptness to accomplish the synergies and bulk conception contemplated; CVS Health’s adeptness to promptly and finer accommodate Aetna’s businesses; and the aberration of and absorption of administration of both CVS Bloom and Aetna on transaction-related issues.
In addition, this advice may accommodate advanced statements apropos CVS Health’s or Aetna’s corresponding businesses, banking action and after-effects of operations. These advanced statements additionally absorb risks, uncertainties and assumptions, some of which may not be anon accepted to CVS Bloom or Aetna or that they currently accept to be immaterial additionally may account CVS Health’s or Aetna’s absolute after-effects to alter materially from those bidding in the advanced statements, abnormally appulse their corresponding businesses, CVS Health’s adeptness to complete the transaction and/or CVS Health’s adeptness to apprehend the accepted allowances from the transaction. Should any risks and uncertainties advance into absolute events, these developments could accept a actual adverse aftereffect on the transaction and/or CVS Bloom or Aetna, CVS Health’s adeptness to auspiciously complete the transaction and/or apprehend the accepted allowances from the transaction. Additional advice apropos these risks, uncertainties and assumptions can be begin in CVS Health’s and Aetna’s corresponding filings with the SEC, including the accident factors discussed in “Item 1.A. Accident Factors” in CVS Health’s and Aetna’s best contempo Annual Reports on Form 10-K, as adapted by their Quarterly Reports on Form 10-Q and approaching filings with the SEC.
You are cautioned not to abode disproportionate assurance on any CVS Health’s and Aetna’s advanced statements. These advanced statements are and will be based aloft management’s then-current angle and assumptions apropos approaching contest and operating performance, and are applicative alone as of the dates of such statements. Neither CVS Bloom nor Aetna assumes any assignment to amend or alter advanced statements, whether as a aftereffect of new information, approaching contest or otherwise, as of any approaching date.
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SOURCE CVS Bloom
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