CVS to Purchase Aetna for $69 Billion


Woonsocket, R.I.-based pharmacy and drugstore CVS Health has announced its plans to purchase Hartford, Conn.-based health insurance company Aetna in a deal of nearly $69 billion. One of the year’s largest major transactions, the agreement positions itself to change the healthcare landscape, reimagining CVS outposts as less costly community-based sites for patients. The agreement also would expand the presence of healthcare professionals within CVS clinics.

The terms of the deal will see CVS pay roughly $207 per share. The deal is expected to close during the second half of 2018, The New York Times reports.

CVS operates an estimated 10,000 pharmacy and clinic locations.

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