CVS Health paid its CEO Larry J.Merlo compensation totaling more than $18 million last year. That’s according to a proxy statement filed Tuesday with the U.S. Securities and Exchange Commission.

Merlo’s compensation included a $1.6 million salary, a $2.3 million annual incentive award and millions more in incentive awards and stock options.

The Woonsocket-based pharmacy chain has made a $69 billion bid to acquire health insurer Aetna.

Lynn joined The Public's Radio as health reporter in 2017 after more than three decades as a journalist, including 28 years at The Providence Journal. Her series "A 911 Emergency," a project of the 2019...