CVS To Buy Aetna For $69 Billion
Drug store chain CVS is looking to create a one-stop-shop for health care.
It’s starting by purchasing health insurance giant, Aetna.
CVS confirmed Sunday that it’s buying Aetna for $69 billion and that it will pay cash and stock on the deal.
CVS is the second largest U.S. drugstore chain, with nearly 10,000 locations.
The deal could generate a new stream of customers to CVS stores.
The drug store giant currently runs nearly a thousand clinics and has been expanding its healthcare services.
In 2014, the company even stopped selling tobacco products to boost its healthcare image.