CVS to Purchase Aetna for $69 Billion
December 4, 2017
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.