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CVS Health to acquire Aetna for $69 billion in year's largest acquisition


By Carl O'Donnell and Caroline Humer(Reuters) - U.S. drugstore chain operator CVS Health Corp said on Sunday it had agreed to acquire U.S. health insurer Aetna Inc for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies.This year's largest corporate acquisition will combine one of the nation's largest pharmacy benefits managers (PBMs) and pharmacy operators with one of its oldest health insurers, whose national business ranges from employer healthcare to government plans. The deal comes after Aetna's $37 billion plan to acquire smaller ...

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First Published: Mon, December 04 2017. 10:06 IST