ECONOMICS: CVS eats AETNA?

Healthy Convergence 
CVS is in talks to buy Aetna for more than $66 billion, as the drugstore giant works to fortify itself against looming competition from Amazon while the health-care industry undergoes a reordering. In a sign of the seriousness of the talks, the companies’ chief executives have met multiple times over a period of roughly six months. CVS has made a proposal to buy the health insurer for more than $200 a share. With Aetna, CVS could lock in a huge number of members for its pharmacy-benefit management arm, as well as customers for its drugstores. That could bolster its leverage in negotiations with drugmakers, while its oversight of health insurance could improve its ability to strike new deals that tie drug prices to patient outcomes. If a deal were to be struck, it would be the year’s largest.

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Wow, pretty stunning!

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