Over 20 Total Lots Up For Auction at One Location - TX Cleansweep 06/25

CVS takes Aetna in $69 billion deal

by Thomas Dworetzky, Contributing Reporter | December 04, 2017
Business Affairs Insurance

The deal surfaced in late October, at which time it was valued at roughly $66 billion.

“I think this deal has been a long time coming,” Adam J. Fein, president of Pembroke Consulting, told the New York Times at the time, noting that, “CVS has been positioning itself as a health care company and not a pharmacy for a long time.”

The move comes after a search for deals across many sectors of health care by the retail drug chain in an effort to squeeze profits out of combinations of varied businesses in the fast-changing health care landscape.

CVS had also reached out to Anthem about a sale, and UnitedHealth Group as well, unnamed sources told the Wall Street Journal.

At that time, noted Bloomberg, Amazon was reported to have gotten pharmacy-wholesaler licenses in a dozen states. “Size and scale-wise, they can disrupt anywhere they want to disrupt,” noted Chip Davis, president of the Association for Accessible Medicines.

Back to HCB News

You Must Be Logged In To Post A Comment