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Aetna Reportedly In Takeover Talks With CVS

Ryan Caron King

Pharmacy chain CVS is said to be in talks to buy Aetna, the Hartford-based health insurer. Neither side has publicly confirmed the negotiations, which were first reported in the Wall Street Journal.

Any such deal could be worth more than $60 billion, which would make it one of the largest ever mergers in the healthcare industry.

Aetna was founded in Hartford, and has been based in the city for more than a hundred years. Earlier this year, it announced its intention to move its headquarters staff to New York.

There’s little sense of what any takeover by Rhode Island-based CVS might mean for Aetna’s thousands of Connecticut-based employees.

Aetna earlier this year was blocked by federal anti trust regulators from merging with fellow health insurer Humana.

Copyright 2017 Connecticut Public Radio

Harriet Jones is Managing Editor for Connecticut Public Radio, overseeing the coverage of daily stories from our busy newsroom.
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