CVS To Buy Aetna For $69 Billion

CVS

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.

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