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October 28, 2022

DOJ Continues Review of Proposed Merger of CVS Health Corporation and Signify Health

Based upon a Form 8-K filed by CVS Health Corporation (“CVS”) with the SEC on October 19, the DOJ is requesting more information on CVS’ proposed $8 billion acquisition of Signify Health, Inc. (“Signify”) that would enable CVS to move into home health services. CVS had previously filed its premerger notification and report with the DOJ and FTC, and it was set to expire on October 19. The DOJ’s second request for information will continue the review and investigation until either (i) 30 days after CVS and Signify have substantially complied with the request, (ii) a later time agreed to by all parties, or (iii) the DOJ’s termination of the waiting period. CVS stated that the parties have been working cooperatively with the DOJ and will continue to do so, and that CVS anticipates the transaction to close in the first half 2023.

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