CVS close to buying health insurer Aetna, source says

CVS close to buying health insurer Aetna, source says”

CVS Health is nearing an agreement to acquire health insurer Aetna for more than $65 billion, according to a person familiar with the negotiations, in a deal that could reshape the pharmacy and health insurance industries. CVS likely will agree to pay at least $200 a share for Aetna, with more than 30 percent paid for with cash, according to the person.

This isn't the first time we're hearing about the possibility of a CVS-Aetna deal.

Shares of both companies rose on the news, with the enhanced cash component viewed as a positive surprise.

The deal could be could be announced by Monday, the WSJ said.

Would a CVS-Aetna deal go through?

"The cash-stock mix has yet to be finalized and Aetna has been pushing for more cash, they added". Reuters reported last month that CVS had made an offer to buy Aetna for more than $200 per share, so today's report is in line with that.

Healthcare consolidation has been a popular route for insurers and pharmacies, under pressure from the government and large corporations to lower soaring medical costs.

Pharmacy benefit managers (PBMs) such as CVS negotiate drug benefits for health insurance plans and employers, and have in recent years taken an increasingly aggressive stance in price negotiations with drugmakers.

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