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CVS Is Said to Agree to Buy Aetna, Reshaping Health Care Industry

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A CVS Pharmacy retailer in Manhattan.

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Shannon Stapleton/Reuters

CVS has agreed to purchase Aetna for roughly $69 billion, in a deal that may reshape the American well being care business, an individual briefed at the subject stated on Sunday.

The transaction, probably the most greatest of the 12 months, would mix the pharmacy massive with probably the most United States’ largest well being insurers, reflecting the more and more blurred traces between historically separate spheres of the well being care business.

Under the phrases of the deal, CVS can pay about $207 a percentage, stated this particular person, who used to be now not approved to talk publicly concerning the transaction ahead of it used to be introduced. Roughly $145 a percentage of that may be in money, with the remaining in newly issued CVS inventory.

An announcement may just come afterward Sunday.

One of the largest drivers of the deal is Amazon, which has been rumored to be making ready for an access into the United States’ pharmacy industry. Jeff Bezos, the Amazon leader govt, and his e-commerce juggernaut have already overturned many industries: e book purchasing, retail buying groceries, groceries and Hollywood, the use of fierce buyer loyalty and huge succeed in as cudgels in opposition to incumbent avid gamers.

With that during thoughts, conventional drug dealers have weighed techniques to battle again.

Wary of Amazon’s much-rumored transfer into the drugstore business, the leaders of CVS and Aetna have met a number of instances this 12 months, conversations that finally led to deal negotiations.

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