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CVS HEALTH CORPORATION

(CVS)
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Walgreens, Humana in talks to take stakes in each other - WSJ

11/20/2018 | 04:50pm EDT
A Walgreens pharmacy store sign is photographed in Austin, Texas

(Reuters) - Drugstore owner Walgreens Boots Alliance Inc and health insurer Humana Inc are in preliminary discussions to take equity stakes in each other, the Wall Street Journal reported https://www.wsj.com/articles/walgreens-humana-are-in-preliminary-talks-to-take-stakes-in-each-other-1542746915?tesla=y&mod=breakingnews on Tuesday, citing people familiar with the matter.

In June, Humana said it would partner with Walgreens, with its unit operating senior-focused primary care clinics inside two Walgreens stores in Kansas.

The companies are discussing the possibility of expanding that venture, among other options, according to the WSJ report.

The news comes amid widespread consolidation in the healthcare industry, with pharmacy benefits manager CVS Health Corp set to close its $69 billion purchase of health insurer Aetna Inc after the Thanksgiving holiday.

Walgreens declined to comment, while Humana did not immediately respond to a Reuters request for comment.

Shares of Walgreens were down 2.6 percent in extended trading, while shares of Humana were marginally lower.

(Reporting by Ankit Ajmera and Tamara Mathias in Bengaluru; Editing by Maju Samuel)


ę Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
CVS HEALTH CORPORATION -0.77% 83.93 Delayed Quote.22.88%
HUMANA INC. -0.83% 400.75 Delayed Quote.-1.50%
TESLA, INC. 1.26% 739.38 Delayed Quote.4.78%
WALGREENS BOOTS ALLIANCE, INC. -0.79% 48.02 Delayed Quote.20.41%
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Analyst Recommendations on CVS HEALTH CORPORATION
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Financials (USD)
Sales 2021 284 B - -
Net income 2021 8 454 M - -
Net Debt 2021 48 933 M - -
P/E ratio 2021 13,1x
Yield 2021 2,38%
Capitalization 111 B 111 B -
EV / Sales 2021 0,56x
EV / Sales 2022 0,52x
Nbr of Employees 256 500
Free-Float 75,5%
Chart CVS HEALTH CORPORATION
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CVS Health Corporation Technical Analysis Chart | CVS | US1266501006 | MarketScreener
Technical analysis trends CVS HEALTH CORPORATION
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 27
Last Close Price 83,93 $
Average target price 96,89 $
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Karen S. Lynch President, Chief Executive Officer & Director
Shawn M. Guertin Chief Financial Officer & Executive Vice President
David Wyatt Dorman Chairman
Troyen A. Brennan Chief Medical Officer & Executive Vice President
Jonathan C. Roberts Chief Operating Officer & Executive Vice President