CVS to Buy Aetna in Blockbuster $69M Deal
Posted on Thursday, December 7, 2017 3:08 PM
CVS Health agreed to buy Aetna for $69 billion in cash and stock. Aetna will function as a standalone entity within CVS and it’s current management team will stay in place.
“"This combination brings together the expertise of two great companies to remake the consumer healthcare experience. The objective of this merger is to bring the full continuum of the healthcare experience to the local marketplace. It’s aim is to become a one stop shop for patients accessing in network physician’s with their pharmaceutical needs. With the analytics of Aetna and CVS Health's human touch, we will create a healthcare platform built around individuals," CVS Health President and CEO Larry Merlo said in the announcement.”
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