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.
Expanded Hershey’s Chocolate Returns to Times Square
December 15, 2017 • Retail
The newly expanded Hershey’s Chocolate World Times Square Attraction has arrived in the heart of New York.
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