Posted on 12/03/2017 2:04:05 PM PST by John W
CVS Health is expected to announce plans to acquire Aetna for roughly $69 billion in cash and stock in a first-of-its kind deal aimed at fending off challenges in retail and health care, sources familiar with the situation told CNBC on Sunday.
The deal is one of the year's largest so far. It comes as insurers are under pressure to lower medical costs and retailers are under attack from new competitors, including an increasingly powerful Amazon. It creates the first health-care triple threat, combining CVS's pharmacy and pharmacy benefit manager platform with Aetna's insurance business.
(Excerpt) Read more at cnbc.com ...
“an insurance company using it’s own pharmacies.”
More like the other way around. CVS seems to have been making back room deals with big pharma, generic suppliers and insurance companies for years.
Walgreen’s is way better and more honest.
no.
i hope the feds block this.
too much consolidation.
the federal government should ENCOURAGE competition.
“CVS stores are dingy, drab (narrow aisles with stuff piled high) and their prices aren’t that special. Add in a cramped parking lot and it was always a chore to shop there.
And no, I do not want to give you my email or donate to the cause du jour.”
Interesting - it’s the exact opposite with the Walgreen’s and CVS stores in my neighborhood (although there’s nothing special about CVS’s prices either).
Amen amen...
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Aetna and CVS? Wow, my mother in law was a secretary at Aetna’s Headquarters in Hartford until she retired in 1999. Back on the 80s and 90s, they were helping Hartford. It should not be allowed. What next, Walgreens and Humana? Rite Aid and MetLife?
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