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CVS to buy Aetna for US$67.5b, remaking US healthcare sector

The deal creates a behemoth that could lower healthcare costs as well as fend off Amazon's much-hyped entry

Published Mon, Dec 4, 2017 · 09:50 PM
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CVS Health Corp will buy Aetna Inc for about US$67.5 billion, creating a healthcare giant that will have a hand in everything from insurance to the corner drugstore.

CVS will pay US$207 a share for Aetna, with US$145 a share in cash and the rest in stock, the companies said on Sunday. That's a 29 per cent premium to Aetna's share price on Oct 25, the day before the companies were reported to be in talks.

The deal is among the biggest healthcare mergers of the past decade, combining the largest US drugstore chain with the third-biggest health insurer…

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