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CVS is in discussions to buy Aetna for $66b following a report that Amazon has received a pharmacy-wholesaler licenses in a dozen states. The deal would advance CVS's efforts to move further away from B&M retail locations and into health care.
CVS and Walgreens have been wading ever deeper into health care as retail sales of cosmetics, grocery items and other merchandise as a share of their overall revenue shrinks. For CVS, retail sales amounted to 46% of total revenue in 2016, down from 52% in 2013. For Walgreens, that number fell to 33% in the U.S. last year, from 37% in 2013. Last year, CVS reported $120 billion in revenue from its pharmacy-services segment, and $81 billion from retail. Those figures include $23.5 billion in sales that overlap when both units book revenue from a prescription. About 75% of CVS’s retail revenue comes from prescription drugs.
https://www.wsj.com/articles/cvs-health-is-in-talks-to-buy-aetna-sources-1509047642
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