CVS Health, a company that is leading the transformation of health care, has completed its acquisition of Aetna, establishing CVS Health as the nation’s premier health innovation company. Under the terms of the merger agreement Aetna shareholders received $145 per share in cash and 0.8378 CVS Health shares for each Aetna share. The transaction values Aetna at approximately $207 per share or approximately $69bn. Including the assumption of Aetna's debt, the total value of the transaction is $77bn. “Today marks the start of a new day in health care and a transformative moment for our company and our industry,” declared CVS Health President and Chief Executive Officer Larry J. Merlo. “By delivering the combined capabilities of our two leading organizations, we will transform the consumer health experience and build healthier communities through a new innovative health care model that is local, easier to use, less expensive and puts consumers at the center of their care.”