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Dec 3 (Reuters) - U.S. drugstore chain operator CVS Health Corp said on Sunday it had agreed to acquire U.S. health insurer Aetna Inc for $69 billion, seeking to tackle soaring health care ...
After CVS announced the acquisition of Aetna in December 2017, CVS announced that the company's headquarters would remain in Hartford, scrapping plans to move to New York City. [67] 2017: On December 3, 2017, CVS Health announced the acquisition of Aetna for $69 billion. [68] [69] [70] Larry Merlo became chief executive of the two brands. [71]
Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc.
"Aetna's underperformance year-to-date is the main driver of CVS' weak share price, and it is unclear how much investors would reward that business as a standalone entity, especially on current ...
CVS Specialty is the specialty pharmacy division that provides specialty pharmacy services for individuals with chronic or genetic diseases who require complex and expensive drug therapies. CVS Health operate 24 retail specialty pharmacy stores and 11 specialty mail order pharmacies, making them the largest specialty pharmacy in the United States.
The Express Scripts acquisition would be the last major deal involving the country's largest PBMs. In 2017, CVS Health announced a merger with Aetna, completing in November 2018. [38] The takeover of PBMs have drawn regulator resistance because of fears they foster an anti-competitive environment.
Despite antitrust concerns over reduced competition in the market, the CVS-Aetna merger ultimately received the green light from the Department of Justice in September 2019.. The American Medical ...
Three months after joining Aetna, Lynch led the integration of Coventry Health Care, which was the largest health care acquisition at the time. [14] In 2015, Lynch became Aetna's first female president, a role she retained through the $70 billion acquisition of Aetna by CVS Health in 2018. [15] [16]