Humongous CVS, Aetna Deal Could Be Done by Monday

They’re this close, the Wall Street Journal reports. And if CVS Health is able to buy Aetna for a reported $66 billion in cash and stock, it will roil the health care industry, creating a colossus that will sell everything from drugs to insurance.

It would be the biggest merger of the year and the biggest since AT&T agreed to purchase Time Warner for $85 billion in October 2016.

“The companies are in advanced stages of negotiating a deal, according to people familiar with the matter,” the newspaper reports. “It would likely be valued at between $200 and $205 per Aetna share and be comprised mainly of cash, some of the people said. The cash-stock mix has yet to be finalized and Aetna has been pushing for more cash, they added.”

Source: Wall Street Journal

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HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

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