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CVS, Aetna executives defend $69 billion deal to sceptical Wall Street

Reuters  |  NEW YORK 

By Caroline HumerNEW YORK (Reuters) - CVS Health Corp and Aetna Inc said on Monday their $69 billion deal to combine the pharmacy and drug benefit manager and the No. 3 U.S. health insurer would transform healthcare and deliver cost savings, but investors took a pessimistic view of the combination in the short term.CVS and Aetna announced on Sunday that they had reached an agreement for a deal that will allow CVS to expand cheaper medical services in its pharmacy-based MinuteClinics and rein in soaring U.S. healthcare costs for consumers, large corporations, and the government.CVS CEO Larry ...

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First Published: Tue, December 05 2017. 04:47 IST