CNBC December 12, 2018
KEY POINTS
- CVS Health acquired health insurance giant Aetna for about $70 billion.
- CVS has bought other pharmacies to build its footrprint, as well as pharmacy benefit manager Caremark and walk-in health clinic MinuteClinic.
- CVS was founded in 1963 as a retailer of health and beauty products, not as a pharmacy.
CVS wants to be a health-care company. It’s buying a health insurer to prove it.
Four years after adding “Health” to its name, CVS has become more than just a drugstore chain. Now, its vision is becoming clearer as CVS Health enters what may be the most pivotal moment in its 55-year history.
CVS...
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