The pharmacy chain store CVS Health commonly known as CVS is buying out health insurance giant Aetna in a $69 billion acquisition deal. This acquisition deal is expected to reshape the American healthcare industry. It will also bring the expertise of two big companies together which will lead to a complete overhaul of the healthcare consumer experience in the United States. The chief executive of CVS, Larry Merlo, said that the mergers would endeavor itself in the creation of a healthcare platform that was built around the American consumers.
He said that both CVS Health and Aetna had the analytics built around human touch. Aetna CEO, Mark Bertolini, said that they will now better understand the health goals of their members with CVS Health and model them through the healthcare system which will go a long way in helping them achieve their health goals. Shareholders of Aetna are scheduled to approximately receive $207 per share, 0.8378 CVS shares and $145 per share of each stock of Aetna.
In a statement, the firms said that there is an increasing number of consumers that are today taking more responsibility for financing for their healthcare services because the burden cost is now being <a href=”https://finance.yahoo.com/news/cvs-health-buy-aetna-69-billion-191155516.html”>shifted to the consumer</a>. The statement continued to say that the merger of Aetna and CVS health will form a trusted community partnership that will assist consumers to manage the cost of their healthcare in a better way. During the past few months, the chief executives of these two organizations have spoken publicly about the challenges that the healthcare industry in the United States is currently experiencing.
Both of them have also offered various solutions to these problems. The Merger between the country’s third largest provider of health insurance, Aetna and a drugstore retailer that operates a pharmacy benefits manager and walk-in clinics, CVS Health will be the start of reduced costs for healthcare services. Bertolini said that they are holding talks with the management of CVS Health which has 9,000 stores countrywide. The CEO also said that American citizens visited their pharmacists quite often as compared to their doctor.
The CVS CEO also explained how their pharmacists could play a more active role in the healthcare industry. Merlo was speaking early October at breakfast that was hosted by the Economic Club of New York. He said that there is a huge opportunity to ensure that healthcare is more efficient by engaging with patients on a more frequent basis.