Deals
Wall Street Is Wary of an Untested Strategy in CVS-Aetna Megamerger
- ‘Strategy seems logical’ but ‘considerable execution risks’
- CVS plans to build mini health centers at its 9,700 stores
This article is for subscribers only.
The success of CVS Health Corp.’s $67.5 billion acquisition of health insurer Aetna Inc. rides on a bet on a complex and untested strategy, and some in Wall Street are questioning whether the companies can pull it off.
CVS plans to build mini health centers in some of its 9,700 stores, turning them into key locations where Aetna members -- and customers of rival insurers -- get low-level care for ailments and chronic diseases. Already, CVS has 1,100 MinuteClinics in its pharmacies, and is testing out hearing and vision offerings in a handful of locations.