CVS Health has reportedly agreed to buy Aetna in a $69 billion deal, a move which could help wrangle health care costs and create a new face for its roughly 9,700 pharmacy storefronts.
The companies both announced the acquisition on Sunday, the Washington Post reports.
Aetna CEO Mark T. Bertolini says the merger would create “a new front door for health care in America.”
“We want to get closer to the community, because all health care is local,” he said. “What was going to draw people into the Aetna store? Probably not a lot. We looked for the right kind of partnership.