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Sources: CVS Health to purchase Aetna for $69 billion
WOONSOCKET, R.I. (UPI) — Retail drug store giant CVS Health Corp. on Sunday agreed to buy Aetna Inc. for $69 billion, unnamed sources with knowledge of the deal said.
Under the terms of the deal, CVS agreed to purchase the healthcare company for about $207 per share — $145 in cash and $62 in stock — sources told The Wall Street Journal.
The deal — if approved by regulators — could bring some primary care and basic procedure services to CVS’ 9,700 locations.
“I think it will create more consolidation among the insurers and retailers, blurring the lines,” Ana Gupte, an analyst at Leerink Partners, told The Washington Post.
United Press International is an international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines and radio and television stations for most of the 20th century.
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