M&A Deal Summary

CVS Health Acquires Aetna

On December 3, 2017, CVS Health acquired insurance company Aetna for 77.0B USD

Acquisition Highlights
  • This is CVS Health’s 1st transaction in the Insurance sector.
  • This is CVS Health’s largest (disclosed) transaction.
  • This is CVS Health’s 12th transaction in the United States.
  • This is CVS Health’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2017-12-03
Target Aetna
Sector Insurance
Buyer(s) CVS Health
Deal Type Add-on Acquisition
Deal Value 77.0B USD
Advisor(s) Lazard Ltd.
Allen & Company
Evercore Group (Financial)
Davis Polk & Wardwell (Legal)

Target

Aetna

Hartford, Connecticut, United States
website
Aetna, Inc. is a diversified health care benefits company. Aetna offers medical, pharmaceutical, dental, behavioral health, long-term care, and disability health-care plans. Aetna was founded in 1853 and is based in Hartford, Connecticut.

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Buyer(S) 1

Buyer

CVS Health

Woonsocket, Rhode Island, United States

website


Category Company
Founded 1996
Sector Healthcare Services
Employees219,000
Revenue 322.5B USD (2022)
DESCRIPTION
CVS Health office in Buffalo Grove, Illinois.
CVS Health office in Buffalo Grove, Illinois.

CVS Health operates retail pharmacies, walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.


DEAL STATS #
Overall 12 of 18
Sector (Insurance) 1 of 3
Type (Add-on Acquisition) 8 of 12
State (Connecticut) 1 of 1
Country (United States) 12 of 18
Year (2017) 2 of 2
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Geneva Woods

Anchorage, Arkansas, United States

Geneva Woods is an institutional and retail pharmacy and provider of specialty infusion services (home infusion, ambulatory suites, and managed office infusion centers), in Alaska, Washington, Oregon, Idaho, and Wyoming, among others. Geneva Woods was founded in 1977 and is based in Anchorage, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Billnat

Livonia, Michigan, United States

Billnat Corp. is a retail of pharmaceutical products based in Livonia, Michigan.

Buy -