Amazon Threat Causes Shakeout In The Health Care Industry
By Robert LangrethBloomberg
Amazon.com Inc. is casting a long shadow over the health care industry.
The prospect of the giant internet retailer entering the business is beginning to cause far-reaching reverberations for a range of companies, roiling the shares of drugstore chains, drug distributors and pharmacy-benefit managers, and potentially precipitating one of the biggest corporate merger deals this year.
On Oct. 26, the pressure was plain to see. A report that Amazon had received pharmacy-wholesaler licenses in a dozen states triggered a fast and steep sell-off that wounded the likes of McKesson Corp., AmerisourceBergen Corp. and Cardinal Health Inc. And late in the day, shares of Aetna Inc. surged after a Wall Street Journal report that it’s in talks to be taken over by CVS Health Corp. for more than $200 a share.CVS and Aetna have held discussions about a potential deal, according to people familiar with the matter who asked not to be identified.
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