CVS closes $69 billion acquisition of Aetna

Patient provider communication has to improve for better healthcare outcomes.

Now, Aetna is officially part of CVS Health. The two companies have closed the $69 billion deal, finishing off a vertical merger, which has led to the making of one of the largest healthcare giants even larger.

The path ahead:

CVS Health President and CEO Larry Merlo said this is a transformative moment for the company and the industry.

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This union will lead to combining the capabilities of the two leading organizations. They will transform the consumer health experience and build healthier communities through a new innovative healthcare model that is local, less expensive, easier to use and puts consumers at the center of their care.

Merlo reemphasized that the new company would have a community focus. It will simplify a complicated system.

The way ahead will aim at helping people achieve better health at a lower cost. Patients will benefit from earlier interventions as CVS integrates Aetna’s medical information and analytics.

The new offerings will focus on helping patients manage:

1) Chronic conditions

2) Expanding MinuteClinics

3) Rolling out new digital apps.