Economy

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.



Like this

loading...
loading...

Latest


01 Декабря 2017
Aspiring model from Queens found brutally murdered in Caribbean
Gibbon had traveled to the country on October 20 and had a three-month visa to stay in the country, according to the family. One of the hotels they visited turned out to be her father's. "She always left with somebody", Andrea Gibbon said.

01 Декабря 2017
Watch Drake's Funny Interview With Kyle Lowry of the Toronto Raptors
It also emerged recently that Drake turned down a chance to work with disgraced Hollywood mogul Harvey Weinstein after receiving "bad feedback" upon vetting the producer.

01 Декабря 2017
Joe Moorhead bringing Penn State assistant Charles Huff to Mississippi State
Moorhead will earn an average of $2.75 million per year over the next four years, starting with $2.6 million in 2018. The 44-year-old from Pittsburgh also has been offensive coordinator and quarterbacks coach at CT and Akron.

01 Декабря 2017
Furi Set To Hit Nintendo Switch In Early 2018
The Game Bakers have announced that Furi is headed to the Nintendo Switch early next year. Below you can find the announcement trailer revealing the game's Nintendo Switch release.

01 Декабря 2017
Surin Pitsuwan Dies at 68
He collapsed and was sent to Ramkhamhaeng Hospital in Bangkok where he was pronounced dead around 3pm today. His burial ceremony will be performed at the cemetery of the Tha-it mosque in Nonthaburi tomorrow.

01 Декабря 2017
Rishard Matthews To Pay Tribute To Colin Kaepernick With Custom Cleats
Matthews shared a photo Wednesday on Instagram of the cleats he will against Houston. Others choose a larger charity to support or to draw attention to a disease or cause.

01 Декабря 2017
East High School teacher under investigation for alleged sex act with student
Reginald Mitchell, who has a daughter who goes to Dawson, said he hasn't yet spoken to her about the incident but definitely will. Right after they saw one another, the other man pulled a gun and opened fire on the teacher, striking him once in the back.

01 Декабря 2017
Garcia starts well as locals dominate Australian PGA
Senior, 58, now plays on the European Senior Tour but lives on nearby Hope Island and showed his local knowledge with his opening 67.

01 Декабря 2017
Mexican man found not guilty in San Francisco pier killing
Before the shooting, officials in San Francisco released him from custody instead of turning him over to immigration authorities. Garcia Zarate was found not guilty on the charges of first degree murder, second degree murder and involuntary manslaughter.

01 Декабря 2017
Reiterates Sell Rating for MannKind Co. (MNKD)
MannKind Corp. ( MNKD ) is expected to post revenue of $2.61 Million in the current quarter, according to consensus of 2 analysts. The stock witnessed -6.23% declines, 91.52% gains and 107.89% gains for the 1-month, 3-month and 6-month period, respectively.