Insurance Business: Cvs and Aetna

insurance business: The agreement gives the combined company 22 million members across the U.S. and combined 2019 revenue of 97 billion - and bigger scale to compete with the likes of CVS Health's Aetna health insurance business.CVS in late November officially signed off on its 69 billion mega-merger with healthcare giant Aetna, which combined CVS's pharmacies with Aetna's insurance business and also put CVS near the front of the pack in terms of pharmacy and prescription benefits, according to The Independent. Centene and Well Care's announcement could potentially affect CVS's position, since the combined companies will directly complete with similar offerings. Centene CNC and Well Care WCG on Wednesday announced they were combining forces in a deal valued at approximately 17.3 billion. To be sure, CVS has its sights on other opportunities in the health care space. We feel that we've got the business stabilized and it'll grow from this point forward. The real growth opportunity in that space is in the assisted and the independent living space, CEO Larry J. Merlo said in an interview with The Street's Jim Cramer on CNBC earlier this week. (news.financializer.com). As reported in the news.