It is said that CVS agrees to buy Aetna, reforming the health care industry – tech2.org

It is said that CVS agrees to buy Aetna, reforming the health care industry



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A CVS Pharmacy store in Manhattan.

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Shannon Stapleton / Reuters

CVS agreed to buy Aetna for about $ 69 billion, in a deal that would reshape the US health industry, an informed person said on Sunday.

The transaction, one of the largest of the year, would combine the pharmacy giant with one of the largest health insurers in the United States, reflecting the increasingly blurred lines between the traditionally separate spheres of the pharmaceutical industry. health care.

Under the terms of the agreement, CVS will pay around $ 207 a share, said this person, who was not authorized to speak publicly about the transaction before it was announced. Approximately $ 145 per share would be in cash, and the rest in newly issued CVS shares.

An announcement could come later on Sunday.

One of the biggest drivers of the agreement is Amazon, which has quietly established the basis for an entry into the pharmaceutical business of the United States. Jeff Bezos, the CEO of Amazon, and his e-commerce monster have already reversed many industries: book purchases, retail purchases, grocery stores and Hollywood, using fierce customer loyalty and their huge reach as clubs against operators. .

Amazon insures the pharmacy The authorities of CVS and Aetna have met several times this year, conversations that eventually led to negotiating agreements. .

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