Wednesday, December 06, 2017

CVS Health buys Aetna for $ $69 bi in the biggest acquisition of the year

The American HealthCorp CVS pharmacies networks, dona in Brazil the drugstore Onofre, agreed to acquire the company of Aetna health plans by 69 billion dollars, in order to reduce the increasing health spending through low-cost medical services in pharmacies.
The largest corporate takeover of the year, announced on Sunday, will combine one of the largest pharmaceutical benefits of United States companies and operator of pharmacies with one of the oldest health plans, whose businesses range from national health plans to officials to governmental plans.
The deal happens after the 37 billion plan from Aetna to acquire the company for Human health plans, smaller companies, have been blocked in January by a federal judge because of antitrust concerns. A proposed combination between Anthem Inc. and Cigna Corp. also was overturned.
Aetna's shareholders should receive $207 per share in accordance with the CVS, said the companies. The importance includes 145 dollars per share in cash and 0.8378 action of CVS for each share of Aetna. Reuters first reported the terms of the agreement on Sunday.
Aetna shareholders will control about of 22% of combined company, while CVS shareholders will get the rest.
The companies said the cost synergy in the second full year after closing of the transaction-2020, if the deal is completed in the second half of 2018, as expected-in excess of 750 million dollars.
Aetna will be operated as a separate unit and the current leadership of the enterprise should administer the Affairs of the company, said the Chief Executive of CVS, Larry Merlo. Aetna will have two directors, other than the Chief Executive, Mark Bertolini, will join the Council of CVS.
DCI - 05/11/2017
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