American pharmacies chain CVS Health acquires medical insurance company Aetna for 69 billion USD
American pharmacies chain CVS Health acquires medical insurance company Aetna for 69 billion USD. The medicines dealer buys all the shares of the Aetna insurer. Under the merger agreement, the insurer’s shareholders will receive 145 USD per share in available funds and 0.8378 shares of CVS Health. Thus, the approximate price per share amounts to 207 USD, which in turn generates total amount of transaction of about 69 billion USD. And taking into account Aetna’s debt, the total amount of the merger is estimated by the two companies at 77 billion USD.
It is expected that the deal will be completed in the second half of 2018, after obtaining all necessary permits.
“This deal unites the potential of two big companies to re-build the experience and accumulation of funds in the field of consumer health”, said the President of CVS Health, Larry J. Merlo.
CVS Health is one of the largest pharmacies chains in the US, established in 1963.
Aetna is among the leading medical insurance companies in the US. It works with different groups of clients, both physically and with legal entities.