Monday, 4 December 2017

US pharmacy chain CVS to buy health insurer Aetna for $69bn

US pharmacy chain CVS has agreed to buy health insurer Aetna in what could be the largest acquisition this year.

The deal worth around $69bn (£51.1bn) requires approval by regulators and shareholders.

The proposed tie-up comes amid speculation that online shopping giant Amazon plans to move into the pharmaceutical market.

If it goes ahead, CVS said the acquisition has the potential to reshape America's healthcare industry.

"This combination brings together the expertise of two great companies to remake the consumer health care experience," said CVS chief executive Larry Merlo.
CVS has agreed to pay Aetna shareholders $207 per share, including $145 in cash and the rest in newly issued stock. The agreement also covers Aetna's debt, bringing the total acquisition to $77bn.

BBC      News.