CVS – Aetna deal announced

The Wall Street Journal just reported that

CVS Health Corp. has agreed to buy Aetna Inc. for about $69 billion in cash and stock, a landmark deal that would change the health care landscape in the country by bringing a large [health] insurer and a big provider of pharmacy services under one roof. 

In an agreement that has been months in the making and is likely to be announced later Sunday, Aetna stockholders are to receive $207 per share, $145 in cash and $62 in stock, according to people familiar with the matter.  As part of the deal, CVS plans to use its nearly 10,000 pharmacy locations to provide consumers with more local care options.

 More details to follow.

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