The CVS Aetna merger

CVS is buying Aetna for $69 billion

Excerpt:

Pharmacy chain CVS Health (CVS) is acquiring health insurance giant Aetna (AET) in a $69 billion deal that could reshape American health care.

“This combination brings together the expertise of two great companies to remake the consumer health care experience,”CVS CEO Larry Merlo said. “With the analytics of Aetna and CVS Health’s human touch, we will create a health care platform built around individuals.”

“Together with CVS Health, we will better understand our members’ health goals, guide them through the health care system and help them achieve their best health,” Aetna CEO Mark Bertolini said.

Aetna shareholders will receive approximately $207 per share, $145 per share in cash and 0.8378 CVS shares for each share of Aetna.

Comment: We have both in an IRA

CVS buys health insurer Aetna to counter Amazon https://t.co/iGpFffs1Uk via @engadget

— James Peet (@jrpeet) December 4, 2017