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CVS/Aetna Deal Could Remake Healthcare Delivery

The combined platform will connect Aetna’s provider network to consumer access through CVS retail, including more than 9,700 CVS Pharmacy locations.

Exterior of CVS pharmacy A CVS Pharmacy location. (Photo: The Preston Partnership)

WOONSOCKET, RI—In a deal that could reshape the US healthcare sector’s delivery model, pharmacy giant CVS Health and insurer Aetna said Sunday they had agreed to merge. The cash-and-stock deal values Aetna at $69 billion and also includes the assumption of $8 billion in debt.

CVS intends to fund the cash portion of the transaction, in which Aetna shareholders will receive $145 per share, through a combination of existing cash on hand and debt financing. Barclays, Goldman Sachs and Bank of America Merrill Lynch are providing $49 billion of financing commitments.

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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