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News > National > CVS Will Buy Aetna for $69 Billion in a Deal That Could Reshape the Health Industry

CVS Will Buy Aetna for $69 Billion in a Deal That Could Reshape the Health Industry

CVS thinks the moves will give people a chance to access better healthcare.

WOONSOCKET, RI --  Drugstore giant CVS is buying Aetna insurance in a 69-billion-dollar deal. 

The agreement was announced yesterday after the boards of both companies unanimously approved it.  CVS says combining the two companies gives them a unique chance to give people access to high-quality healthcare at a lower cost. 

If regulators sign off on the mega-merger, CVS would provide a broad range of health services to the 22-million Aetna medical members inside its nationwide network of pharmacies and walk-in clinics.  It would also decrease the drugstore giant's reliance on the retail sales that face increased competition. 

 

(PHOTO: Getty Images / Bloomberg)

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