|Articles|August 20, 2012
Aetna to Buy Coventry for $5.6 Billion to Add Medicare Plans
Advertisement
Aetna Inc. (AET)
C
oventry Health Care Inc. (CVH)
, the third-biggest U.S. health plan, agreed to buy for about $5.6 billion to increase its share of government business following President Barack Obama’s health-care overhaul.
Aetna will pay $42.08 a share for Bethesda, Maryland-based Coventry, including $27.30 in cash and 0.3885 Aetna share, the companies said today in a statement. That represents a 20 percent premium over Coventry’s closing price of $34.94 on Aug. 17, which gave the company a market value of $4.68 billion. Including debt, the deal is valued at $7.3 billion.
Read the full story:
Source: Bloomberg
Newsletter
Stay ahead of policy, cost, and value—subscribe to AJMC for expert insights at the intersection of clinical care and health economics.
Advertisement
Related Content
Advertisement
Advertisement
Advertisement
Trending on AJMC
1
TrumpRx Launch Brings Savings—and Uncertainty
2
How Do GLP-1 Agonists Fit Into Stroke Care?
3
Addressing Disparities at Every Step of the Stroke Care Pathway: Luke Messac, MD, PhD
4
Aligning Treatment Goals in IgA Nephropathy: Applying KDIGO’s Dual-Pathway Framework to Clinical Decision-Making
5
