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AETNA INC. ANNOUNCED that it will will pass on the discounts it negotiates on prescription drugs to about 3 million of its members. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Aetna will pass along discounts as drug price scrutiny increases

NEW YORK - Aetna Inc. will pass on the discounts it negotiates on prescription drugs to about 3 million of its members, the latest...
DERICA RICE, former chief financial officer of Eli Lilly, has been named president of pharmacy benefits managment company CVS Caremark and will begin in that role March 30. / COURTESY CVS HEALTH

CVS Health names Rice president of CVS Caremark

WOONSOCKET – CVS Health Corp. has announced Derica W. Rice, recently retired Eli Lilly chief financial officer, as the new president of CVS Caremark, the...

Cigna to draw antitrust scrutiny amid health care deal wave

NEW YORK – Cigna Corp.’s proposed deal for Express Scripts Holding Co. faces a drawn-out merger review as the Trump administration’s antitrust enforcers weigh the competitive...
CVS HEALTH'S pharmacy benefit management business came under fire, along with other PBMs, from the head of the Food and Drug Administration for holding drug prices artificially high. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

CVS starts jumbo debt sale to fund $68B Aetna deal

NEW YORK - CVS Health Corp. kicked off what’s likely to be one of the largest corporate-debt financings ever as it seeks to fund its...
ANALYSTS believe that despite the cash freed up by the recent tax bill, companies will still borrow money to execute mergers and acquisitions. / BLOOMBERG

Big M&A deals seen keeping corporate borrowing spree alive

NEW YORK - Get ready for what could be another record year for corporate borrowing. The U.S. tax overhaul is freeing up cash for companies and...
WALGREENS IS REPORTEDLY in talks to take over AmerisourceBergen Corp. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

Amazon threat looms as Walgreens surveys health care landscape

NEW YORK - The remaking of the U.S. health care industry is gaining speed, and some of the industry’s biggest players are racing to make...
CVS HEALTH CORP. reported a $6.6 billion profit for 2017. / BLOOMBERG FILE PHOTO.CHRISTOPHER LEE

CVS’ 2017 profit jumps on tax cut boon

WOONSOCKET – CVS Health Corp. on Thursday reported a $6.6 billion profit for 2017, an increase of 24.5 percent from the prior year's $5.3...
CVS HEALTH CORP. intends to keep Aetna Inc. headquarters in Hartford, Conn. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

CVS plans to keep Aetna HQ in Hartford

WOONSOCKET – CVS Health Corp. does not plan to relocate Aetna Inc.’s headquarters out of Hartford, Conn., according to a CVS spokeswoman Friday. Aetna had...
BOTH CVS HEALTH CORP. AND AETNA INC. were talking to other potential partners during early discussions that led to their $68 billion merger. / BLOOMBERG FILE PHOTO /MICHAEL NAGLE

Aetna and CVS were talking to others during takeover process

NEW YORK - CVS Health Corp. and Aetna Inc. were both talking to other potential partners during early discussions that led to their $68 billion...

CVS’s megadeal to change U.S. health care faces stiff challenges

NEW YORK - Walking the aisles of a CVS drugstore, there are piled paper towels, stacked cereal boxes, and neat lines of nail polish....

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