5 Collaborating to Succeed at Hiring and M&A
It was a truly big deal: on December 3, 2017, CVS Health and Aetna, Inc. announced their intention to merge. If approved by the Department of Justice and other federal and state regulators, the $70 billion transaction would be the biggest health-care-sector merger in US history, and it would propel CVS into the number five spot in the Fortune 500.
Final approvals from Washington came in the fall of 2019. Then, early in 2020, the Covid-19 pandemic erupted on a worldwide scale. Karen Lynch, an Aetna veteran who was named CVS’s new CEO just before the pandemic took hold, recalls those turbulent months in early 2020:
So we had just embarked on the formal postmerger journey. And as with any integration, ...
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