CVS to Buy Aetna for 69 Billion in a Deal That May Reshape the Health Industry

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If CVS's 69B Deal To Buy Aetna Holds Up To Federal Scrutiny, It Could Transform Health Care Landscape

- khn.org
04 Dec 2017
Underscoring the transformation in health care, the CVS pharmacy giant's deal to buy Aetna, one of the nation's largest health insurers, has the potential for lowering costs, but also further concentrating key services among a very few large companies. The $69 billion merger, which must still be approved by shareholders and regulators, would combine the vast network of ...

CVS strikes deal to buy Aetna for 69 billion

04 Dec 2017
Why it matters, per Axios' Bob Herman: CVS and Aetna, which already have a pharmacy contract together, join to create a behemoth health care company with roughly $240 billion in annual revenue and substantial bargaining power over hospitals, drug makers and employers. Only Walmart will be bigger than CVS in terms of annual revenue among U.S. companies. The deal also ...
- axios.com

CVS Is Said to Buy Aetna for 67 5 Billion, Remaking Sector

- bloomberg.com
04 Dec 2017
The deal combines the largest U.S. drugstore chain with the third-biggest health insurer, rolling Aetna's health insurance business with CVS's drug plans and retail operations. In doing so, it may herd some of Aetna's 22 million customers into CVS drugstores when they fill a prescription through CVS's drug plans. It will also give Aetna's insurance plans a closer ...

CVS buys health insurer Aetna to counter Amazon

04 Dec 2017
Amazon is considering diving into the pharmacy business , and that's making incumbents nervous... so nervous, in fact, that it just sparked one of the larger acquisitions in recent memory. Cvs Health is acquiring the insurance giant Aetna for the equivalent of $69 billion in a bid to create a highly integrated health care provider. You could get care right from your nearby ...
- yahoo.com

CVS is buying Aetna in massive deal that could transform health care

- money.cnn.com
04 Dec 2017
If approved, the $69 billion acquisition -- $77 billion including debt -- would drastically remap the health care industry. Cvs Health (CVS )is a massive drugstore chain and prescription drug insurer, while Aetna (AET ) is one of the nation's largest health insurers.

CVS Health's 69B deal to acquire Aetna would create new form of integrated care

04 Dec 2017
In the wider scheme of things, the new deal not only stands to better position CVS Health for Amazon's pharma aspirations but also help CVS Health champion a new form of integrated health system. But the agreement also raises some key questions, as Axios points out . Will CVS Health force Aetna members to buy medications within CVS Health's network of pharmacies? Will ...
- medcitynews.com

CVS To Buy Aetna For 69BN In Year's Largest Deal, "Reshaping Health Care

- brotherjohnf.com
04 Dec 2017
A deal that was months in the making is finally official, with Aetna's board of directors approving on Sunday the health insurer's sale to drugstore chain operator Cvs Health Corp for approximately $207 per share in cash and stock, in a deal worth $67 billion, multiple news sources reported on Sunday afternoon. The purchase price represents a premium of 29% to where Aetna ...

CVS expands into insurance with 69 billion Aetna bid

04 Dec 2017
FILE - This May 15, 2017, file photo, shows a CVS pharmacy sign at a store in Hialeah, Fla. CVS will buy insurance giant Aetna in a roughly $69 billion deal that will help the drugstore chain provide more health care and keep a key client, according to a person with knowledge of the matter. (AP Photo/Alan Diaz, File)
- abcnews.go.com

CVS is buying Aetna in massive deal that could transform

- click2houston.com
04 Dec 2017
The prospects for the deal are uncertain, since mergers involving health insurance companies have recently run into regulatory roadblocks. In 2015, Aetna and Humana announced a $34 billion merger, while Anthem agreed to acquire Cigna for $54 billion. Both deals were called off in February after they were blocked by federal judges citing antitrust concerns.

Aetna deal means for consumers

04 Dec 2017
Merlo and Aetna CEO Mark Bertolini, who will join the combined company's board if a deal goes through. Both stressed that CVS-Aetna will also be better able to serve the aging population in the U.S., which is increasingly relying on the government's Medicare and Medicaid programs for health care.
- 10news.com

Aetna deal further concentrates health care Will it lower costs

- statnews.com
04 Dec 2017
The $69 billion merger , which must still be approved by shareholders and regulators, would combine the vast network of 9,700 CVS pharmacies, 1,100 walk-in clinics, and its Caremark pharmacy benefits management business with Aetna's expansive employer and government health plans. The insurer covers more than 22 million Americans.

All about Networks Taking Care to Patients

04 Dec 2017
As The New York Times discussed in coverage of the deal, Aetna could use CVS pharmacies and retail clinics to provide care directly to patients, and the combined company could be better able to offer employers one-stop shopping for health insurance for their workers. Cvs Health's Chief Executive Larry J. Merlo told The New York Times, "We think of it as creating a new ...
- simhealth.co

CVS, Aetna in 69B health care mega

- retailleader.com
04 Dec 2017
"This combination brings together the expertise of two great companies to remake the consumer health care experience. With the analytics of Aetna and CVS Health's human touch, we will create a health care platform built around individuals. We look forward to working with the talented people at Aetna to position the combined company as America's front door to quality health ...

CVS Health to Buy Aetna for 69 Billion

04 Dec 2017
In a statement, CVS Health President and Chief Executive Officer Larry J. Merlo said, "This combination brings together the expertise of two great companies to remake the consumer health care experience. With the analytics of Aetna and CVS Health's human touch, we will create a health care platform built around individuals. We look forward to working with the talented ...
- themoneystreet.com

CVS deal reveals high cost of Amazon defense

- breakingviews.com
04 Dec 2017
Under terms of the deal, the largest corporate acquisition of the year, CVS will pay $207 to $145 in cash and 0.8378 of its own shares for each Aetna share. That will leave Aetna shareholders with about 22 percent of the combined company. Three Aetna directors, including Chairman and Chief Executive Mark Bertolini, will be added to the CVS board.

CVS eyes main growth of well being clinics with Aetna deal

04 Dec 2017
NEW YORK (Reuters) - CVS Well being Corp (CVS.N) is planning to considerably broaden well being companies at its retail pharmacies if it completes a greater than $66 billion deal for insurer Aetna Inc (AET.N), a transfer that might save greater than $1 billion yearly, folks conversant in the matter stated.
- visionaryaline.com

CVS expands into insurance with 69 billion Aetna bid

- wral.com
04 Dec 2017
Just last month the Justice Department sued to block AT 's $85 billion purchase of Time Warner. Regulators also sued to stop Aetna's proposed $34 billion purchase of Humana Inc. -- a deal that fell apart earlier this year. Opposition from antitrust regulators also helped kill Anthem Inc.'s $48 billion bid to buy Cigna Corp.

CVS to Pay 67 5B for Aetna to Create Giant Health Firm with '10,000 New Front Doors

04 Dec 2017
Michael Newshel, an analyst at Evercore ISI, said the DOJ effort to block the AT -Time Warner deal does raises concerns but a CVS-Aetna deal does have a path forward. Aetna would likely need to divest some or all of its Medicare drug plan business, he said.
- insurancejournal.com

CVS to buy Aetna for 67 5 billion

- benefitnews.com
04 Dec 2017
The deal could also set off a new round of takeovers as CVS and Aetna's competitors look at the reshaped landscape. On Nov. 30, Express Scripts Holding Co.'s top executive said the company would be open to a deal at the right price, though wasn't actively looking for one.

CVS buying Aetna has nothing to do with Amazon's healthcare ambitions AMZN, CVS, AET

04 Dec 2017
Instead, the deal would be a way for CVS and Aetna to make healthcare delivery more efficient, according to Hill. "We view this deal as offensive by both companies, looking to a more vertically integrated, consumer directed, value-based care delivery future, and not a response to any threat from Amazon," Hill said.
- markets.businessinsider.com

CVS Health to buy Aetna in 69B deal

- healthcaredive.com
04 Dec 2017
According to Wall Street Journal's sources, CVS is preparing to retrofit portions of its pharmacies to become community health centers where consumers can ask questions about health coverage and costs. This idea aligns with recent comments from Aetna CEO Mark Bertolini, who has signaled a sweeping change within Aetna to become more of a healthcare company, instead of just ...

CVS bids 69 billion for Aetna amid health care changes

04 Dec 2017
By expanding its medical services, CVS would essentially be "replacing aisles and products with services," Jefferies analyst Brian Tanquilut said. He and others on Wall Street expect the Aetna deal to fuel a health care services expansion for CVS. The company might open more clinics or add services such as eye care or hearing aid centers.
- abc13.com

CVS pushes into insurance with 69 billion Aetna bid

- abc11.com
04 Dec 2017
CVS Health Corp. will pay about $207 in cash and stock for each share of Aetna Inc., according to the person, who spoke on condition of anonymity because the deal has not been announced publicly. That represents a 29 percent premium to the price of Aetna shares on Oct. 25, the day before The Wall Street Journal first reported about the possibility of a deal.

Analysts, investors give CVS, Aetna deal a lukewarm reaction

04 Dec 2017
Cvs Health Corp. and Aetna Inc. top executives on Monday defended their planned merger to Wall Street analysts and investors who questioned the near-term impact on profits of the $69 billion deal to combine the pharmacy and drug benefit manager with the No. 3 U.S. health insurer.
- theglobeandmail.com

Investment Guru Stocks Mutual Funds Commodity Currency World Market Expert Advice Free Tips Recommendation

- investmentguruindia.com
04 Dec 2017
The CVS-Aetna deal could attract similar scrutiny if regulators feared it could block Aetna customers from frequenting other pharmacies or contracting with other PBMs, several investors said, asking not to be named because they were not authorized to talk to the press.

Aetna deal to change how big employers buy health benefits

04 Dec 2017
CVS is the No. 2 U.S. provider of prescription drug benefits and competes with larger rival Express Scripts Holding Co . Aetna is the nation's No. 3 health insurer, competing against UnitedHealth Group Inc , Anthem and Cigna to provide coverage for doctor and hospital visits.
- channelnewsasia.com

CVS expands into insurance with 69 billion Aetna bid

- wpri.com
04 Dec 2017
The deal's impact on prescription drug prices is uncertain. Aetna customers could first see some changes in how their plans are managed. Over time, a bulked-up CVS may gain more negotiating leverage over prices, but it is difficult the say how much would trickle down to customers.

CVS Health acquires health insurer Aetna for 69 billion

04 Dec 2017
With the Aetna deal, CVS wouldn't be alone in controlling both the insurer and PBM part of paying for prescriptions. UnitedHealthcare, for example, owns the PBM OptumRx, while Anthem, which owns a variety of Blue Cross Blue Shield health insurance firms, will be launching its own PBM called IngenioRx .
- businessinsider.com

CVS to Buy Aetna in 69 Billion Deal

- nbcconnecticut.com
04 Dec 2017
The mammoth acquisition pairs a company that runs more than 9,700 drugstores and 1,100 walk-in clinics with an insurer covering around 22 million people. CVS Health Corp. is also one of the nation's biggest pharmacy benefit managers, processing more than a billion prescriptions a year for insurance companies, including Aetna.

Aetna Deal Could Reshape Health Industry

04 Dec 2017
The second-largest U.S. drugstore chain is buying Aetna, the third-largest health insurer, in order to push much deeper into customer care. The evolution won't happen overnight, but in time, shoppers may find more clinics in CVS stores and more services they can receive through the network of nearly 10,000 locations that the company has built.
- nbcsandiego.com

CVS to purchase health insurance provider Aetna for 69 billion

- nbcnews.com
04 Dec 2017
Aetna shareholders will own about 22 percent of the combined company, while CVS shareholders will own the remainder, the sources said. Three Aetna directors, including Aetna's Chairman and CEO Mark Bertolini, will join CVS's board of directors, the sources added.

CVS To Buy Health Insurer Aetna For 69 Billion

04 Dec 2017
In a press release Sunday, CVS says it will pay $207 for each share in cash and stock, reflecting a 29 percent premium over Aetna's share price on Oct. 25, The Associated Press reports. (Oct. 25 is the last day not affected by talk of the sale; on the 26th, The Wall Street Journal reported on CVS and Aetna's acquisition talks.)
- npr.org

CVS Health and Aetna bet 69 billion merger on analytics, data, digital transformation

- zdnet.com
04 Dec 2017
The bottom line is that the CVS and Aetna combination will thrive or dive based on how well it uses data, personalizes care, drives cost savings and produces efficiency. Data will enabled the combined company to fend off a bevy of rivals including the likes of Amazon vs. CVS.

Aetna deal could raise questions of access, expert

04 Dec 2017
In a joint interview over the weekend with Bloomberg, CVS CEO Larry Merlo and Aetna CEO Mark Bertolini said combining the companies would help CVS expand a variety of retail medical services, from vision care to nutrition advice to audiology, making basic care more convenient and less costly for consumers.
- patientdaily.com

CVS Health Acquires Aetna for 69B

- bworldfinance.news
04 Dec 2017
Three of Aetna's directors, who include Chairman and CEO Mark Bertolini, will be joining CVS's board of directors at the end of the transaction. Aetna will be operating as a stand-alone business unit inside the larger company. The insurer's current management team will be leading the unit.

CVS to Buy Aetna for 69 Billion, Combining Major Health WSJ

04 Dec 2017
Aetna stockholders are to receive $207 per share--$145 in cash and 0.8378 of a CVS share, or $62, in stock, the companies announced Sunday. That represents a premium of about 29% to where Aetna shares were trading before The Wall Street Journal reported that the companies were in talks in October.
- wsj.com
#WallStreetJournal      #CvsHealthCorp      #AetnaInc      #AetnaCeoMarkBertolini     
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