CVS Finalizes $70 Billion Merger With Aetna

CNBC reports:

It’s been a year in the making, but CVS Health finally closed Wednesday on its acquisition of Aetna, creating a new health-care powerhouse.

The merger combines CVS’ pharmacies with Aetna’s insurance business, blurring traditionally distinct lines in hopes of lowering costs. CVS also has one of largest pharmacy benefits managers through CVS Caremark and a major Medicare Part D plan sponsor through its SilverScript unit.

Early next year, CVS plans to start testing stores with added health services. These new locations will likely focus on managing common chronic conditions, adding more primary health services at CVS’ MinuteClinics, guiding discharged hospital patients through their at-home plans and managing complex conditions.