CVS Reaches Deal to Buy Aetna for $69 Billion

Health insurer now belongs to major pharmacy services provider in historic cash & stock deal.

(Getty Images)
(Getty Images)

CVS Health Corp. has quickened financial analysts’ pulses with a historic deal to acquire Aetna — a purchase that will unite a major health insurer with one of the country’s largest pharmacy providers. The deal, for roughly $69 billion in cash and stock, is the product of months of negotiations. In the deal, which was announced Sunday, Aetna stockholders will receive $207 per share—$145 in cash and 0.8378 of a CVS share in stock, sources told The Wall Street Journal. The deal also comes after Aetna’s attempted $37 billion acquisition of another health insurance company, Humana Inc, was blocked in January by a U.S. federal judge who cited antitrust worries.

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