CVS Finalizes $78 Billion Aetna Purchase, Broadening Health Care Offerings

CVS Health has completed its acquisition of Aetna, finalizing the retailer’s transformation to a health care provider. The total transaction was valued at $78 billion, including the assumption of Aetna’s debt.

Aetna will operate as a stand-alone unit under CVS Health and will continue being led by members of its existing management team, and the Aetna brand name will continue to be used for its health insurance products. CVS Health offerings, including retail pharmacy, will continue being accessible to other health plans, and Aetna members will still be able to use their benefits at other pharmacies.

“Today marks the start of a new day in health care and a transformative moment for our company and our industry,” said Larry J. Merlo, President and CEO of CVS Health in a statement. “By delivering the combined capabilities of our two leading organizations, we will transform the consumer health experience and build healthier…