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  #1  
Old 10-26-2017, 04:38 PM
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Default CVS in talks to buy Aetna?

Aetna stock up 11%
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Old 10-26-2017, 04:46 PM
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CVS that big?
Also, doesn't Aetna do a lot of insurances, not just health? Or was that sold off?
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Old 10-26-2017, 04:59 PM
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I thought CVS was a drug store chain. Is it something else?
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Old 10-26-2017, 05:06 PM
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That's the one.
They also run a mail-order business, I think, and one of its clients is Aetna.
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Old 10-26-2017, 05:13 PM
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Originally Posted by Dr T Non-Fan View Post
That's the one.
They also run a mail-order business, I think, and one of its clients is Aetna.
OK, that's who I thought. They also do Pharmacy Benefit Management. But I don't see how they could actually "buy" an insurer.
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Old 10-26-2017, 05:17 PM
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OK, that's who I thought. They also do Pharmacy Benefit Management. But I don't see how they could actually "buy" an insurer.
Probably like how Express Scripts "bought" Medco... a fancy term for a merger but technically a sale.
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Old 10-26-2017, 05:39 PM
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OK, that's who I thought. They also do Pharmacy Benefit Management. But I don't see how they could actually "buy" an insurer.
By paying money for it?
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Old 10-26-2017, 05:42 PM
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By paying money for it?
IME insurers are owned by holding companies or other insurers. Not by retailers, piano makers or banks, etc.

If the talks are actually taking place (I don't know if they are or not) I suppose the lawyers will figure out how to structure it. Maybe the holding company will own both Aetna and CVS.
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And def agree w/ JMO.
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I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.

Last edited by JMO; 10-26-2017 at 05:45 PM..
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  #9  
Old 10-26-2017, 06:36 PM
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I think I'm just as surprised about this rumor as the next guy/girl, but just for some context:

CVS is the 7th largest US company by revenue. In fact, the retail and PBM segments each had more revenue than Aetna did as a whole for 2016. There's some intersegment mix going on, but in total CVS is almost 3x the size of Aetna by revenue. Although the market cap spread isn't as large, CVS still has a 25% edge.

Last edited by Byram; 10-26-2017 at 06:37 PM.. Reason: :)
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Old 10-26-2017, 06:45 PM
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Picking up some medication. Might as well buy some insurance too!
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