CVS Caremark mum about possible Aetna PBM purchase

CHICAGO CVS Caremark’s CFO Dave Rickard is keeping quiet on whether the corporation is interested in buying Aetna’s pharmacy benefit management business.

Acquiring Aetna's PBM business would give CVS Caremark further expansion in the pharmacy benefits business, though the company is busy integrating retailer Longs Drug Stores, which it bought last October.

Despite being rumored as one of the potential buyers along with Medco Health Solutions, CVS Caremark has not disclosed whether the company will take advantage of the offer.

"We are in a position that if something that was very important strategically came along we could act on it. If that were available and the terms were right and the price was right then I think we'd have to look at it," said Rickard.

Login or Register to post a comment.