Larry Merlo

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Top Executive At CVS Resigns

Dec 14, 2017
RIPR File Photo

 

A top executive at CVS Health has left the company.

Lynn Arditi / RIPR

Job cuts often follow mergers, such as the deal for CVS Health to purchase the insurance company Aetna.  But CVS Chief Executive Officer Larry Merlo says this deal may be an exception.  

John Phelan / CC BY 3.0

CVS Health’s chief executive says the Woonsocket-based company’s $69 billion bid to acquire health insurer Aetna will be good for consumers – and Rhode Island’s governor seems to agree.

But health industry experts say there are reasons to be skeptical.

Ian Donnis/File Photo / RIPR

A new nonprofit corporation, The Partnership for Rhode Island, said it plans to focus on promoting economic growth in Rhode Island.

The group filed incorporation papers with the state last Friday. The partnership’s initial officers are the CEOs of Hasbro, Brian Goldner; CVS Health, Larry Merlo; and the Rhode Island Foundation, Neil Steinberg; and Don Sweitzer, chairman of IGT Global Solutions (formerly known as GTECH). The Rhode Island Foundation will serve as fiscal agent for the organization while it seeks 501c (3) status.