NEW YORK — CVS Health Corp is planning to significantly expand health services at its retail pharmacies if it completes a more than $66 billion deal for insurer Aetna — a move that could save more than $1 billion annually, people familiar with the matter said.A key rationale is to use many of the pharmacy chain’s 9,700 brick-and-mortar outlets to improve access to preventive care and cut back on some emergency room visits for Aetna’s roughly 23 million members with medical coverage, these people said.The full benefits of the strategy will take several years to realize, requiring billions of dollars in investment to increase the number of CVS clinics and provide the staff and equipment for a wider variety of treatments, the people said.Those funds would be diverted from planned investments in CVS retail facilities, and not amount to additional expenses, they said.Deal talks between the companies are still underway, and an agreement could be announced as early as Sunday or Monday, sources familiar with the matter told Reuters.
Cvs Eyes Major Expansion Of Health Clinics: Sources
Reuters, The Gazette (Cedar Rapids)
Fri, 12/01/2017 - 1:57pm
Sections: u.s.
Topics: Iowa Linn County Cedar Rapids
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