CVS Health $69 billion acquisition of Aetna

3/12/2017
Public acquisition

$ 69 billion

Announced

3/12/2017


Overview:

  • CVS Health has acquired health insurer Aetna for $69 billion.
  • The largest acquisition this year, the deal comes after Aetna's unsuccessful acquisition of Humana earlier in the year.
  • Aetna will continue to be operated separately through its existing leadership. 
  • CVS is expected to invest and further develop the company through new equipment and health clinics.
  • Financing for the acquisition was provided by Goldman Sachs, BofA Merrill Lynch and Barclays.
  • CVS also relied on Barclays and Goldman Sachs for financial advice, while Centerview Partners provided financial advice to its board.
  • Aetna used the financial services of Lazard and Allen & Company.
  • Evercore acted for Aetna's board.

 Katrin Kostadinova - Data analyst 

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Pharmaceuticals and life sciences


Firms:

Party: CVS Health (Acquirer)


Party: CVS Health (Acquirer)

Lawyer: David Guedry



Party: Goldman Sachs (Lender)

Party: BofA Merrill Lynch (Lender)

Party: Barclays (Lender)