CVS Health acquired health insurance giant Aetna for about $70 billion. CVS has bought other pharmacies to build its footrprint, as well as pharmacy benefit manager Caremark and walk-in health clinic MinuteClinic. CVS was founded in 1963 as a retailer of health and beauty products, not as a pharmacy.
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In acquiring Aetna, CVS embarks on another pivotal moment in its 55-year history