CVS Health Corp. today capped off five weeks of rumors about a deal for Aetna Inc. by officially announcing plans to acquire Aetna for $69 billion in cash and stock.
The Woonsocket, Rhode Island-based drug store would also assume Aetna's debt. That would bring the total value of the deal to $77 billion.
The companies hope to complete the deal by the end of 2018.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
