US pharmacy chain CVS announces $69 billion purchase of insurer Aetna
US drugstore chain CVS Health
San Francisco - Egypt Today
US drugstore chain CVS Health announced Sunday it would buy medical insurer Aetna for about $69 billion in a move that would create a new giant in the healthcare sector.
"The transaction is expected to close in the second half of 2018," CVS said in a statement, adding: "It is subject to approval by CVS Health and Aetna shareholders, regulatory approvals and other customary closing conditions."
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