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CVS's stock rose to $64 per share on the news of the breakup late Monday after trading down 12% in the past year. It was trading at $61 per share on Tuesday. The possible move by CVS is one ...
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Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc.
CVS started rebranding the pharmacies within the Target stores on February 3, 2016. [39] In December 2017 CVS Health announced a deal to acquire Aetna. [40] On October 10, 2018, CVS Health received approval from the United States Department of Justice to acquire Aetna, for $69 billion. [41] CVS on Pratt Street in Baltimore, Maryland.
In August 2008, CVS Caremark purchased Longs Drugs Stores for $2.7 billion. [12] In 2009, CVS Caremark agreed to pay $2.25 million to settle alleged unfair trade practices and alleged violations of the privacy protections under the Health Insurance Portability and Accountability Act of 1996. [13]
CVS CEO Larry Merlo had been named to run the combined company. [30] 2018: In November, CEO Larry Merlo told USA Today that the drugstore chain plans to renovate its stores to focus more on health care and less on retail following its merger with the health insurance company Aetna. The new strategy is to offer medical services along with ...
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 ...
With Aetna, CVS picks up a few more pieces of the healthcare system, such as medical benefits and population health tools. The addition gives CVS a lot more data to analyze as well. Screen Shot ...