CNBC September 20, 2018
- CVS Health CEO Larry Merlo outlined his vision for a combined company with health insurer Aetna.
- The $69 billion deal, announced in December, is awaiting federal antitrust approval.
- The company expects the deal to close at the beginning of the fourth quarter.
CVS Health‘s $69 billion merger with health insurer Aetna will create a new data-driven health-care model that’s more personal, convenient and tailored to individual patients than ever before, CVS CEO Larry Merlo said Thursday.
Merlo is, in a way, disrupting and rewriting the business model for his drugstore chain before someone else does.
Announced in December, the deal is awaiting antitrust approval from the Department of Justice. The company expects it to close at the beginning...