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CVS Health to Acquire Aetna

On December 3, 2017, CVS Health, a giant in the retail pharmacy industry, announced plans to acquire Aetna. Aetna is one of the largest medical insurers in the nation, servicing approximately 46.7 million people. Under the proposed framework, CVS will acquire all of the outstanding shares of Aetna through a combination of cash and stock – $145.00 and 0.8378 of its own shares for each share of Aetna. After the transaction is complete, Aetna shareholders will own about 22% of the combined entity. The announced acquisition is expected to close in the second half of 2018, if it receives the requisite approvals from shareholders and regulators.

As more information becomes publicly available, another blog will be posted to further analyze the proposed acquisition.

Cody Fierro also contributed to this post.

Copyright © 2017, Sheppard Mullin Richter & Hampton LLP.

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About this Author

Ken Yood, Corporate, Healthcare, Attorney, Sheppard Mullin, law firm
Partner

Mr. Yood is a partner in the Corporate practice group in the firm's Los Angeles office.

Mr. Yood represents a wide range of healthcare providers and healthcare companies, including specialty and general acute hospitals (including local district, nonprofit and for-profit facilities), home health agencies, pharmaceutical vendors, nursing facilities, and health information and management providers.

310-228-3708