A landmark healthcare merger is inches away from the finish line.
has gained the US government's approval to buy
. The $69 billion acquisition, announced in December 2017, will drastically remap
the healthcare industry. CVS is a massive drugstore chain and prescription insurer, and Aetna is one of the nation's largest health insurers. It is the largest health insurance deal in history, far exceeding
' $29 billion acquisition of
in 2012, the last record-holder. To gain the
administration's approval, Aetna agreed to spin off its
Medicare Part D
prescription drug business. The
settled with CVS and Aetna on Wednesday. Pending a judge's approval of the settlement, the deal will be completed.