How CVS Health Can Beat Amazon.com
The Wall Street Journal reports that CVS Health (NYSE: CVS) -- the second largest pharmacy retailer and pharmacy benefit manager (PBM) -- is offering more than $200 per share to acquire Aetna (NYSE: AET), a leading health insurer. The tie-up could help insulate CVS Health's market share from competition from Amazon.com (NASDAQ: AMZN). Will this deal help CVS Health survive in an increasingly competitive market?
CVS Health is already a pharmacy behemoth. In the past 12 months, it's recorded $181 billion in sales and $5.3 billion in net income.
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