Today, Aetna announced that it would buy Coventry Health Care for $5.7billion, about $42.08 a share.
Aetna’s CEO Mark T. Bertolini said, “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.”
The move is expected to align core competencies, mainly for the health insurance provider to expand government-backed healthcare programs Medicaid and Medicare.
A growing trend?
Health reform has brought a slew of changes for all health insurance providers. Most notably, with the increase in ...