CVS Could be Buying Aetna Soon for $66 Billion

According to The Wall Street Journal, it could be as early as next week that CVS announces its acquisition of Aetna for more than $66 billion.

The advanced talks could also be delayed or ultimately fail said the Journal, but the value of insurance company Aetna could be in between $200 and $205 a share.

With talks of Amazon entering the pharmaceutical industry, it could be scary for CVS stores. Although Amazon has aid that it has obtained pharmacy licenses to sell medical devices and supplies and not prescriptions.

CVS’s acquisition of Aetna could give the company better room to offer better prices for prescription drugs that are sold over the counter in its stores.

CVS has over 9,700 retail locations and has almost 90 million plan members in its pharmacy benefits program.

Disclaimer: We have no position in Aetna Inc. (NYSE: AET) nor CVS Health Corp (NYSE: CVS) and have not been compensated for this article.