Rhode Island-based CVS Health Corp. is in discussions to buy Aetna Inc., one of the country’s largest health insurers, according to a Wall Street Journal report.
The deal could be worth $66 billion, the Journal reported, citing people familiar with the matter.
Hartford-based Aetna had planned to buy Humana Inc., another large insurer, but that deal fell apart amid regulatory opposition, the Journal said.
CVS and Aetna both declined to comment on the report, saying they don’t discuss rumors.
CVS is a pharmacy benefits manager and operates thousands of pharmacies and walk-in clinics. Aetna is a major insurer that was rumored to consider moving its corporate headquarters from Connecticut to Boston before deciding to move to New York instead.
The Journal reported that CVS and Aetna have been talking for about six months and the companies’ chief executives have met multiple times.