CVS Health-Aetna deal could arrive by end of month

CVS Health could reach a deal to buy Aetna for $66 billion-plus by the end of November, according to a Hartford Courant report.

Advertisement

Sources familiar with the matter told Dow Jones Monday the deal is driven by Amazon’s possible entry into the pharmacy market. Previous reports projected the deal could be inked in December. 

Aetna’s shares closed at $174.97 Monday following the news. This is lower than the $200 per share CVS Health reportedly offered Aetna in late October, when news of the deal surfaced

More articles on payer issues:
CMS releases Medicare Part A, B rates: 4 things to know
UnitedHealthcare adds Samsung, Garmin wearables to its wellness program
Hartford HealthCare, Anthem reach 3-year agreement

Advertisement

Next Up in Uncategorized

  • Sacroiliac joint fusion technology is advancing, and the data shows it’s efficacy across different medtech companies. Five notes: 1. Tenon…

  • Robert Mach was appointed CEO of Schoolcraft Memorial Hospital in Manistique, Mich., effective Aug. 15. Mr. Mach brings a wealth…

  • Nashville, Tenn.-based HCA Healthcare, the largest health system in the country, is seeking finance chiefs at four of its hospitals. …

Advertisement

Comments are closed.