Aetna set to buy Coventry Health Care
American Academy of Sleep Medicine
Wednesday, August 22, 2012
In an Aug. 20 news release, Aetna and Coventry Health Care Inc. announced an agreement under which Aetna will acquire Coventry in a transaction which is valued at $7.3 billion. As a result of the agreement, Aetna is expected to add over 5 million total members across their commercial businesses, Medicare Part D, Medicare advantage and Medicaid. It is estimated that the acquisition will close in mid-2013.