CVS to Buy Aetna for $69 Billion

Overview


US drugstore chain operator CVS Health Corp said on Sunday it had agreed to acquire US health insurer Aetna Inc. for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies. This year’s largest corporate acquisition will combine one of the nation’s largest pharmacy benefits managers (PBMs) and pharmacy operators with one of its oldest health insurers, whose national business ranges from employer healthcare to government plans.