CVS buying Aetna in deal that could change health care - WSIL-TV 3 Southern Illinois

CVS buying Aetna in deal that could change health care

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WSIL/AP -- CVS is confirming that it's buying health insurer Aetna for $69 billion, in a deal that will help the drugstore chain reach deeper into customer health care and protect a key client.


CVS Health Corp. released a statement Sunday saying it will pay cash and stock for Aetna Inc.
    
The mammoth acquisition pairs a company that runs more than 9,700 drugstores and 1,100 walk-in clinics with an insurer that covers about 22 million people.
    
The deal could generate a new stream of customers to CVS stores. Many of those stores now offer a growing menu of medical services in addition to the usual fare of prescriptions and cold and cough supplies.
    
CVS wants to be more of a one-stop-shop for health care.

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