Today’s issue of WorkCompRecap features some big M&A news as Aetna recently announced they’ve entered into a definitive agreement to acquire Coventry. Aetna expects to gain a growing Individual Medicare Advantage business and Medicare Part D business, complementing their Group Medicare Advantage franchise, and substantially increase their Medicaid footprint. The acquisition also marks Aetna’s return to the Workers’ Comp business.
The transaction is valued at $7.3 Billion, and includes the assumption of Coventry debt, with synergies from the transaction expected to be $400 million annually in 2015.
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