In a $69 billion transaction, CVS Health has completed its acquisition of all Aetna's outstanding shares.
The agreement says that the deal that was announced in December of last year will be worth $78 billion, including taking on Aetna's debt.

The combined company will connect customers with health and wellness market health resources and Aetna's provider network following the acquisition.
CVS Wellbeing president and Chief Larry Merlo said: " We will transform the consumer health experience and build healthier communities by delivering the combined capabilities of our two leading organizations through a new innovative healthcare model that is local, simpler to use, less expensive, and places consumers at the center of their care.

“We can develop new ways to engage consumers in their total health and wellness through personal contacts and deeper collaboration with their primary care physicians by fully integrating Aetna's medical information and analytics with CVS Health's pharmacy data.

"As a consequence of this, we anticipate that patients will gain from earlier interventions and care that is better connected, resulting in improved health outcomes and lower medical costs,"

"We anticipate that patients will benefit from earlier interventions and care that is better connected, leading to better health outcomes and lower medical costs,"
New products and services for the healthcare industry will be developed by the combined business.

Retail drug store administrations, speciality drug store and long haul care, stroll in clinical administrations and PBM administrations
CVS Wellbeing contributions, for example, retail drug store administrations, speciality drug store and long haul care, stroll in clinical administrations and PBM administrations will keep on being completely open to other wellbeing plans.

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The company intends to launch programs and services in the future to help improve health outcomes and expand access to care.

It is anticipated that these programs, in particular, will focus on utilizing technology and networks to improve the management of chronic diseases.

Additionally, new medical cost reduction programs are being developed by the company to promote medication adherence and prevent hospital readmissions.

CVS Health used its existing cash on hand and debt financing to pay for the cash portion of the acquisition.