CVS pushes into insurance with $69 billion Aetna bid - Spokane, North Idaho News & Weather KHQ.com

CVS pushes into insurance with $69 billion Aetna bid

Posted: Updated:
DALLAS -

CVS will buy insurance giant Aetna in a roughly $69 billion deal that will help the drugstore chain provide more health care and keep a key client, according to a person with knowledge of the matter.
  
The person said Sunday that CVS Health Corp. will pay about $207 in cash and stock for each share of Aetna Inc. The person spoke on condition of anonymity because the deal has not been announced publicly.
  
Reports of a possible deal surfaced in late October.
  
The combination pairs a company that runs more than 9,700 drugstores and 1,100 walk-in clinics with an insurer covering about 22 million people.
  
The deal could provide new customers for CVS stores for the growing list of medical services that it offers.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Florida mom blames teen's death on confusing packaging for peanut cookies

    Florida mom blames teen's death on confusing packaging for peanut cookies

    Tuesday, July 17 2018 1:05 PM EDT2018-07-17 17:05:08 GMT

    A Florida mother blames the death of her 15-year-old daughter on what she calls confusing packaging for Reese's Chips Ahoy cookies.    Kelli Travers-Stafford says her daughter Alexi mistakenly ate one of the cookies at a friend's house despite her peanut allergy, because the top of the familiar red packaging was peeled back, hiding the Reese's label.  

    >>

    A Florida mother blames the death of her 15-year-old daughter on what she calls confusing packaging for Reese's Chips Ahoy cookies.    Kelli Travers-Stafford says her daughter Alexi mistakenly ate one of the cookies at a friend's house despite her peanut allergy, because the top of the familiar red packaging was peeled back, hiding the Reese's label.  

    >>
  • Spokane Valley massage parlor under investigation for sex trafficking

    Spokane Valley massage parlor under investigation for sex trafficking

    Monday, July 16 2018 9:43 PM EDT2018-07-17 01:43:51 GMT

    SPOKANE VALLEY, Wash. - The Washington State Patrol is investigating a Spokane Valley massage parlor for sex trafficking and prostitution. According to court documents, several men contacted authorities about the parlor, Space Oil Massage, and told them that the women who worked there asked them in private to call 911 because they were being forced to perform sex acts against their will.

    >>

    SPOKANE VALLEY, Wash. - The Washington State Patrol is investigating a Spokane Valley massage parlor for sex trafficking and prostitution. According to court documents, several men contacted authorities about the parlor, Space Oil Massage, and told them that the women who worked there asked them in private to call 911 because they were being forced to perform sex acts against their will.

    >>
  • Man who was hitting woman dies after witnesses intervene

    Man who was hitting woman dies after witnesses intervene

    Monday, July 16 2018 6:58 PM EDT2018-07-16 22:58:35 GMT

    YAKIMA, Wash. (AP) - Police say a man who was assaulting a woman in Yakima is dead after he was struck with a baton or baseball bat as witnesses intervened.    Authorities say the fight happened late Sunday night outside the Connections Transitional Apartments. Officers arrived to find a 57-year-old man who lived at the complex sitting outside with a head injury. He died at a hospital.

    >>

    YAKIMA, Wash. (AP) - Police say a man who was assaulting a woman in Yakima is dead after he was struck with a baton or baseball bat as witnesses intervened.    Authorities say the fight happened late Sunday night outside the Connections Transitional Apartments. Officers arrived to find a 57-year-old man who lived at the complex sitting outside with a head injury. He died at a hospital.

    >>
HD DOPPLER 6i
/
  • Top Stories from KHQHomeMore>>

  • Twitter suspends 58 million accounts in final months of 2017

    Twitter suspends 58 million accounts in final months of 2017

    Tuesday, July 17 2018 3:19 PM EDT2018-07-17 19:19:01 GMT
    Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press.    The figure highlights the company's newly aggressive stance against malicious or suspicious accounts in the wake of Russian disinformation efforts during the 2016 U.S. presidential campaign.    The number of suspended accounts originated with Twitter's "firehose," a data stream it makes available to academics, compa...>>
    Twitter suspended at least 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press.    The figure highlights the company's newly aggressive stance against malicious or suspicious accounts in the wake of Russian disinformation efforts during the 2016 U.S. presidential campaign.    The number of suspended accounts originated with Twitter's "firehose," a data stream it makes available to academics, compa...>>
  • Trump says he misspoke on Russia meddling

    Trump says he misspoke on Russia meddling

    Tuesday, July 17 2018 2:47 PM EDT2018-07-17 18:47:47 GMT

    WASHINGTON (AP) -   President Donald Trump says he meant the opposite when he said in Helsinki that he doesn't see why Russia would have interfered in the 2016 U.S. elections.  Back at the White House on Tuesday, the president told reporters that he said he meant he doesn't see why Russia "wouldn't" be responsible. 

    >>

    WASHINGTON (AP) -   President Donald Trump says he meant the opposite when he said in Helsinki that he doesn't see why Russia would have interfered in the 2016 U.S. elections.  Back at the White House on Tuesday, the president told reporters that he said he meant he doesn't see why Russia "wouldn't" be responsible. 

    >>
  • MGM sues Vegas mass shooting victims, argues it isn't liable

    MGM sues Vegas mass shooting victims, argues it isn't liable

    Tuesday, July 17 2018 2:35 PM EDT2018-07-17 18:35:41 GMT

    MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas.    The company argues in lawsuits filed Friday in Nevada and California that it has "no liability of any kind" to survivors or families of slain victims under a federal law enacted after the Sept. 11 terrorist attacks.   

    >>

    MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas.    The company argues in lawsuits filed Friday in Nevada and California that it has "no liability of any kind" to survivors or families of slain victims under a federal law enacted after the Sept. 11 terrorist attacks.   

    >>