Monday, December 4, 2017

CVS inks $69B deal to buy Aetna

INSURANCE MEETS CONVENIENCE: CVS, above, will spend $69 billion to acquire Aetna, a purchase many say will change the way people get health care.Rhode Island-based pharmacy giant CVS will buy insurance behemoth Aetna in a $69 billion deal that could change the way people get health care — with boutique clinics in thousands of
neighborhood stores across the nation, analysts say.

“I think this is a strategy to be the center of health care,” Brian Tanquilut, an analyst for global investment banking firm Jeffries, told the Herald yesterday. “You’re using a physical location to be sort of the ‘Genius Bar of Health Care.’ That is how they envision this strategy to play out, to create a one-stop shop.”. . . more

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