logo
logo

CVS buying Aetna has nothing to do with Amazon's healthcare ambitions (AMZN, CVS, AET)

avatar
Laura Kelly
img

The deal is the largest in 2017 and comes as rumors that Amazon could be entering the healthcare space circulate.

But the acquisition has nothing to do with Amazon and is simply good for business, according to some analysts.

CVS Health is set to acquire Aetna for $69 billion in the year's biggest deal, the companies announced on Sunday.

Some analysts have speculated that Amazon's baby steps into the healthcare industry could have spurred the acquisition, but that is decidedly not the case, George Hill, an analyst at RBC, said on Monday.

"We view this deal as offensive by both companies, looking to a more vertically integrated, consumer directed, value-based care delivery future, and not a response to any threat from Amazon," Hill said.

Amazon's entry into the healthcare space is only speculative at this point and details are scarce.

collect
0
avatar
Laura Kelly
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.