Search
 

CVS/Aetna Deal Could Remake Healthcare Delivery

The combined platform will connect Aetna's provider network to consumer access through CVS retail, including more than 9,700 CVS Pharmacy locations.

By Paul Bubny | Updated on December 04, 2017

Exterior of CVS pharmacy A CVS Pharmacy location. (Photo: The Preston Partnership)

WOONSOCKET, RI—In a deal that could reshape the US healthcare sector’s delivery model, pharmacy giant CVS Health and insurer Aetna said Sunday they had agreed to merge. The cash-and-stock deal values Aetna at $69 billion and also includes the assumption of $8 billion in debt.

CVS intends to fund the cash portion of the transaction, in which Aetna shareholders will receive $145 per share, through a combination of existing cash on hand and debt financing. Barclays, Goldman Sachs and Bank of America Merrill Lynch are providing $49 billion of financing commitments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.