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| November 13, 2018

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Aetna Archives -

Justice Department approves $69-billion merger between CVS Health and Aetna

October 10, 2018 |

CVS Health Corp.’s plan to buy Aetna Inc. for $ 69 billion was cleared by U.S. antitrust regulators Wednesday, paving the way for the nation’s largest pharmacy chain to acquire one of the largest healthcare insurers.

The deal was approved because Aetna has agreed to sell its Medicare prescription-drug…


L.A. Times – Business

California’s two health insurance regulators to investigate Aetna coverage decisions

February 13, 2018 |

Both of California’s health insurance regulators said they will investigate how Aetna Inc. makes coverage decisions, as the lawsuit of a California man who is suing the nation’s third-largest insurer for improper denial of care heads for opening arguments Wednesday.

The Department of Managed Health…


L.A. Times – Business

CVS to Buy Aetna for $69 Billion, Combining Major Health-Care Players

December 4, 2017 |

CVS agreed to buy Aetna for about $ 69 billion in cash and stock in a move to transform the pharmacy company and capture more of what consumers spend on health care.
WSJ.com: What’s News Asia

Less choice, higher prices feared in CVS’ takeover of health insurer Aetna

December 4, 2017 |

CVS Health says that its $ 69-billion takeover of insurance giant Aetna will be good for consumers. That, of course, is unlikely.

For the deal to benefit consumers, it would have to result in lower drug prices or lower insurance costs. If past mergers are anything to go by, this won’t happen.

“You…


L.A. Times – Business

CVS shares slide and Aetna stock rises on news of merger deal

December 4, 2017 |

Shares of pharmacy chain giant CVS Health Corp. fell Monday morning as investors expressed uncertainty about its $ 69-billion deal to acquire health insurer Aetna Inc.

CVS stock was down 4.3% at $ 71.88 around 6:50 a.m. PST. Meanwhile, shares of Aetna were up 1% at $ 183.18.

The deal would combine…


L.A. Times – Business

Report: To Protect a Client and Itself, CVS to Buy Aetna

December 3, 2017 |

CVS will buy insurance giant Aetna in a roughly $ 69 billion deal that will protect a key client—and possibly protect itself from Amazon—a person with knowledge of the matter said Sunday. CVS will pay about $ 207 in cash and stock for each share of Aetna, according to the…
Newser

CVS agrees to buy Aetna in $69-billion deal that could shake up healthcare industry, people familiar with the deal said

December 3, 2017 |

Pharmacy giant CVS Health has agreed to buy Aetna in a $ 69-billion blockbuster acquisition that could rein in healthcare costs and transform its 9,700 pharmacy storefronts into community medical hubs for primary care and basic procedures, people familiar with the deal said Sunday.

The pharmacy…


L.A. Times – Business

CVS Reportedly In Talks To Buy Aetna

October 30, 2017 |

Aetna, which stunned Connecticut when it said it would move its headquarters from Hartford earlier this year, may be purchased by CVS Health Corp.

According to the Wall Street Journal, CVS has been in talks for the past six months to buy Aetna Inc. in what would be a blockbuster deal. CEOs of both…


L.A. Times – Business

CVS, Aetna Plot $66 Billion Tie-Up

October 27, 2017 |

CVS Health is in talks to buy Aetna for more than $ 66 billion as the drugstore giant scrambles to fortify itself against looming competition from Amazon amid a continuing reordering of the health-care industry.
WSJ.com: US Business