AET - CVS Health: What Now?
CVS Health (NYSE:CVS) is becoming a one-stop shop powerhouse health sector play. It now has well over 1,000 walk-in medical clinics offering check-ups, screenings and immunizations, among other services. CVS Health is also a leading pharmacy benefits manager and now has ~75 million members in its pharmacy benefit plan. As shares were pounded over the last year, we grew excited for the name.
CVS had been stuck in neutral for months, essentially range-bound between $70 and $80, with a few exceptions, until news that it was interested in purchasing Aetna (NYSE:AET)