Reports: CVS to buy Aetna for $69B

By Danielle Haynes Follow @DanielleHaynes1 Contact the Author   |  Dec. 3, 2017 at 2:48 PM
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Dec. 3 (UPI) -- Retail drug store giant CVS Health Corp. on Sunday agreed to buy Aetna Inc. for $69 billion, unnamed sources with knowledge of the deal said.

Under the terms of the deal, CVS agreed to purchase the healthcare company for about $207 per share -- $145 in cash and $62 in stock -- sources told The Wall Street Journal.

The deal -- if approved by regulators -- could bring some primary care and basic procedure services to CVS' 9,700 locations.

"I think it will create more consolidation among the insurers and retailers, blurring the lines," Ana Gupte, an analyst at Leerink Partners, told The Washington Post.

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