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CVS Health buys insurance provider Aetna

Jay Gray, NBC News
December 04, 2017 03:09 PM

(NBC News) -- CVS Health has announced a deal to buy insurance giant Aetna for $69 billion.

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The transaction will pair close to 10,000 drugstores and 1,100 walk-in clinics with an insurance provider that covers more than 20 million people.

"It's really the perfect time to bring the two companies together, to create a new healthcare platform that can be easier to use and less expensive for consumers and really create a new front door to healthcare in our country," said Larry Merlo, president and CEO of CVS Health, Larry Merlo.

It is not clear how the deal might impact prescription drug costs, but it is expected to bring a broad new customer base for CVS creating a single stop where patients can have blood drawn, visit a nurse, and pick-up prescriptions.

Read more: http://nbcnews.to/2ALaGgh

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Jay Gray, NBC News

Copyright 2017 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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