How the largest purchase of the year will change the healthcare industry
On Sunday, CVS Health announced that it agreed to buy Aetna Insurance for a whopping $69 billion. Bet you wish you had that much money lying around.
It was announced that Aetna stockholders will receive $207 per share- $145 in cash, and $62 invested back in CVS stock. Bet you also wish you had money invested in Aetna stock.
But what does this all mean for us? The merge of these companies comes at a time of intense transformation in the healthcare industry, and the CVS-Aetna partnership means a change in the way people receive care.
At its root, the goal of the merger is to benefit patients by making receiving diagnoses, prescriptions, and care cheaper and easier. CVS plans to transform its pharmacy and clinic locations, and to expand the services that they offer.
By staffing these locations with more nurses, pharmacists and professionals, and providing them with more equipment, CVS-Aetna will establish a new way to provide care. People will be able to attend a CVS location for problems as small as a sore throat, as well as for bigger problems, such as diabetes counseling or diagnoses of other diseases.
In other words, they want to become the one-stop-shop for all people’s needs, making it faster and more effective for people to receive the care that they need.
Learn more at www.grifin.com
All words by Lauren Vehar