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The deal was a 50-50 split ownership between Sanus and Medicare-Glaser, with the new name of Express Scripts (scripts being medical industry jargon for prescriptions). Initial plans called for Missouri and Illinois clients to get their prescriptions at the Medicare-Glaser brick and mortar pharmacies while those in other cities could get their ...
Aetna enters a new phase in its history as it becomes a part of CVS (NYSE:CVS). Investors want to know how this dynamic will affect CVS stock. The dynamics that have brought Aetna and CVS together ...
In July 2022, GameStop — the fairy-tale stock at the center of history’s greatest short squeeze — announced a 4-for-1 stock split. That’s just one of many tech-related splits that have ...
Aetna Inc. (/ ˈ ɛ t n ə / ET-nə) is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
A look at stock splits. First, a quick note on stock splits, in general. A stock split involves the issuance of additional shares -- the number determined by the ratio of the split -- to current ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
CVS’s stock price has dropped by more than 20% this year amid Medicare challenges within Aetna as medical costs increased, and on top of that, there was potential activist investor action.
In 1989, Federated management purchased Aetna's stake for $345 million, reestablishing majority control of the company. [4] In 1996, Federated management paid $100 million to acquire the remaining 25% stock ownership still held by Aetna. [5] Federated completed an initial public offering on the NYSE on May 14, 1998. [6]