CVS is set to complete its $69 billion deal with Aetna almost a year after it was announced, creating a new kind of healthcare company
- CVS Health said its deal to acquire health insurer Aetna is set to be completed by Wednesday.
- The deal, announced in December 2017, forms a new kind of healthcare company that includes the largest retail pharmacy in the US as well as one of the largest insurance companies.
- The combined company is already shaping to change the healthcare system as we know it.
The boundaries of the healthcare business are changing. Instead of growing by acquiring other companies in the same business, companies have started to move into new lines of business, with no two combinations looking exactly the same.It's part of a push by healthcare companies to both cut costs and gain more control over the patients in need of their services. It's coming as large tech companies seek ways to disrupt the healthcare industry as it faces new medications that challenge the way we pay for treatments.Already, CVS is getting creative in how it manages consumers health. CVS said in its earnings in November that it plans to expand the health services offered at its pharmacies so that it can manage more chronic conditions like diabetes and heart disease.
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