According to reports in several media, CVS Healthcare Corp. (NYSE: CVS) will buy Aetna Inc. (NYSE: AET). The deal has been rumored for weeks
Bloomberg editors wrote:
CVS Health Corp. will buy Aetna Inc. for about $67.5 billion, according to a person familiar with the matter, creating a health-care and retail giant that will have a hand in everything from insurance to the corner drugstore.
CVS will pay $207 a share for Aetna, made up of $145 a share in cash and the rest in stock, according to the person, who spoke on condition of anonymity. That’s a 29 percent premium to Aetna’s share price on Oct. 25, the day before the companies were said to be in talks.
The deal, among the biggest health-care mergers of the last decade, is expected to be officially announced later Sunday, according to the person. Including CVS’s assumption of Aetna’s debt, the deal will total $78 billion.
The deal combines the largest U.S. drugstore chain with the third-biggest health insurer, rolling Aetna’s health insurance business with CVS’s drug plans and retail operations. In doing so, it may herd some of Aetna’s 22 million customers into CVS drugstores when they fill a prescription through CVS’s drug plans. It will also give Aetna’s insurance plans a closer on-the-ground tie to where customers get care.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.