Did Cvs Buy Aetna. Drugstore chain operator cvs health corp cvs.n said on sunday it had agreed to acquire u.s. In theory, that's because cvs could gain a competitive edge by reducing the cost of providing care to aetna's customers.
Cvs health and aetna have been one company since november 2018, and today action by the district court makes that. Cvs said the judge's decision reinforced that cvs and aetna have already merged. Because of high barriers to entry into the health insurance market, it is unlikely there will be.
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Americans spend an average of $255 billion on branded drugs each year, with another $115 billion going for generics. The final deal valued aetna at $212 per share, cvs said in a press release, or about $70 billion, up from the previously agreed upon $207 per share, or roughly $69 billion. Cvs said the judge's decision reinforced that cvs and aetna have already merged. On december 3, 2017, cvs health announced the acquisition of aetna for $69 billion.
