National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CVS Health Completes Aetna Acquisition
CVS Health has completed its acquisition of Aetna, a deal that combines the Woonsocket, RI-based chain’s pharmacy and in-store clinical services with Aetna’s network of providers. Larry Merlo, CVS’ president and CEO, called the merger “the start of a new day in healthcare and a transformative moment for our company and our industry.” The deal is valued at $78 billion, including the assumption of debt.
First announced nearly a year ago, the merger was delayed over negotiations with federal antitrust officials along with state insurance departments. To satisfy antitrust concerns, Aetna will sell its Medicare Part D business to WellCare under an agreement with the U.S. Justice Department reached in September.
In the coming months, CVS will introduce new programs focused on self-management for patients with chronic conditions, expansion of services at MinuteClinic, nutritional and behavioral counseling and benefit navigation support.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
