CVS buys health insurer Aetna to counter Amazon

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CVS buys health insurer Aetna to counter Amazon
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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 CVS locations, and you'd have a one-stop shop for health that (theoretically) lowers costs, albeit by giving up choice. If regulators don't object to the deal, it should close in the second half of 2018.

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