CVS, the pharmacy chain, closed a deal to purchase Aetna for a reported $69 billion.
The Wall Street Journal on Sunday described the acquisition of Aetna, one of the biggest health insurance companies in the U.S., “a landmark deal that would change the U.S. health-care landscape by bringing a large insurer and a big provider of pharmacy services under one roof.”
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Earlier this year, Aetna made news when it announced it was eliminating many of the insurance plans it sold through the healthcare exchanges set up under Obamacare.
A purchase by CVS Health would allow Aetna to have its own pharmacy benefits manager, as one of its competitors, UnitedHealthcare, already does.
Another large merger valued at $37 billion for Aetna, with fellow insurance provider Humana, was blocked by a federal judge who cited antitrust issues.
