"Integrating Coventry into Aetna will complement our strategy to expand our core insurance business, increase our presence in the fast-growing government sector and expand our relationships with providers in local geographies," according to Mark T. Bertolini, Aetna's chief executive.The acquisition is expected to increase Aetna's share of government business to more than 30% from 23%. >>Read more
Monday, August 20, 2012
More Consolidation to Boost Govt Share
On the heels of the Wellpoint acquisition announcement of Amerigroup, Aetna has agreed to buy Coventry Health Care Inc. in a deal expected to close mid-2013.