The deal would combine the drugstore chain with one of the United States’ largest health insurers.
Under the terms of the deal, CVS will pay about $207 a share, the Times reported, quoting an anonymous source. Roughly $145 a share of that would be in cash, with the remainder in newly issued CVS stock.
An announcement could come later Sunday, the Times reported.
The deal would transform CVS’ 9,700 pharmacy storefronts into community medical hubs for primary care and basic procedures, The Washington Post reported.
If approved, the merger would allow CVS to provide a broad range of health services to Aetna’s 22 million medical members at its nationwide network of pharmacies and walk-in clinics, the Post reported.
“I think it will create more consolidation among the insurers and retailers, blurring the lines,” Ana Gupte, an analyst at Leerink Partners, told the Post.
The event formerly known as Home World has a new name and new location.Get totally inspired for spring as you find hundreds of ways to improve your home. Make your home the one you really want. Show open daily duringmall hours. Admission is free!
Landscaping and Outdoors
Get ready for Spring and Summer and transform your outdoor space into something that feels like you’re on vacation
Make sure to visit our demonstration stage during the entire show. There will be exciting demonstrations on how to re-purpose and design thanks to Monarch Market Affair.
Meet Barry Williams from The Brady Bunch
Join us as we welcome Me-TV superstar Barry Williams who played the iconic Greg Brady from The Brady Bunch TV Show. Meet him and get an autograph on February 10th stage side at center court in front of Macy’s.
The line will start forming when the Mall Opens, and Barry’s First appearance will be at 11 a.m.
Come prepared with your camera or cell phone for the Meet and Greet.