Must be getting really nervous about the Amazon impact.
Aetna Inc. gained in New York trading after the Wall Street Journal reported that CVS Health Corp. is in talks to buy the insurer for more than $66 billion.
Aetna jumped 12 percent to $178.60, closing at a record high, while CVS fell 2.9 percent to $73.31. Spokesmen for Aetna and CVS declined to comment. CVS has offered to buy Aetna for more than $200 a share, the paper said.
A deal would create a health-services giant and a bigger competitor for UnitedHealth Group Inc., which is the largest U.S. health insurer and has its own own clinics and a pharmacy-benefits unit. CVS runs drugstores and clinics, helps insurers manage their pharmacy benefits, and already sells a pharmacy-insurance plan for older people, known as Medicare Part D. The company has a market value of about $75 billion, while Aetna was valued at about $53 billion before surging on the Journal’s report.
Submitted October 27, 2017 at 02:57PM by Lerk409 http://ift.tt/2yRLx02
