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Aetna, Inc. (AET)

  • Nov. 3, 2014, 9:10 AM
    • Aetna (NYSE:AET) acquires privately-held bswift, a provider of a technology platform that offers a retail shopping experience for health insurance exchanges and employers nationwide. It also provides benefits administration technology and services to employers.
    • The purchase price is ~$400M and will be funded with cash on hand.
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  • Jan. 22, 2013, 10:08 AM
    Aetna (AET +0.5%) agrees to sell its Medicaid business Missouri Care to WellCare Health Plans (WCG -0.3%) as part of Aetna's $5.6B acquisition of Coventry Health Care (CVH +0.1%). A combination of Aetna's and Coventry's Medicaid plans in Missouri would exceed permissible membership thresholds under the state's contracts. Financial terms weren't disclosed. (PR)
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  • Nov. 21, 2012, 1:42 PM
    Aetna (AET +1.2%) releases a statement after Coventry Health Care (CVH +0.4%) stockholders voted overwhelmingly in favor of Aetna's proposed acquisition. AET CEO Mark Bertolini noted: “We continue to believe that Coventry will complement Aetna's 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.”
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  • Sep. 30, 2012, 5:51 AM
    Three pension funds that are investors in Coventry Healthcare (CVH) have sued to block its $5.6B acquisitions by Aetna (AET). Among other things, the funds argue that Coventry's shareholders are receiving a premium of just 20%, far less than premiums in other similar deals, which are as much as 43%.
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  • Sep. 11, 2012, 2:57 PM
    Coventry Health Care (CVH -0.3%) slips today after Stifel Nicolaus cut the shares to Hold and removed its previous $37 price target. The firm cites the long awaited takeout by Aetna at $42 per share, saying "After many long years of referring to Coventry as a "takeout", we and many others were right."
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  • Aug. 21, 2012, 8:53 AM
    SA author Valuentum says of Aetna's (AET) $7.3B deal to acquire Coventry Health Care (CVH) that "it's hard not to like a deal that will add strong earnings growth at a reasonable multiple/price." While management denies that the purchase is politically motivated, "we think it's safe to say the company feels Medicaid, as well as the Affordable Healthcare Act, is here to stay."
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  • Aug. 20, 2012, 6:18 AM
    More on Aetna (AET) / Coventry (CVH) deal: Coventry shareholders will receive $27.30 in cash and 0.3885 Aetna common shares for each Coventry share, or $42.08/share. That's a 20% premium to Coventry's closing price on Friday, and its shares are +18.1% premarket. Deal adds over 5M members to Aetna and increases revenues from government to over 30% from 23%. To bring synergies of $400M/year in 2015. (PR)
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  • Aug. 20, 2012, 6:06 AM
    Aetna (AET) confirms a report that it has agreed to acquire Coventry Health Care (CVH), with the deal valued at $7.3B, including the assumption of Coventry's debt. (PR)
  • Jul. 18, 2011, 9:52 AM
    Aetna (AET) agrees to buy privately held health-plan administrator PayFlex for about $202M in a deal that will strengthen Aetna's Consumer Fund Services (CFS) operations. The deal is expected to close in H2 2011. (PR)
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  • Jun. 13, 2011, 12:04 PM
    Aetna (AET) joins the increasing expansion into senior plans with a deal to buy a Medicare-supplement business from Genworth Financial (GNW +2.4%) for $290M. The unit will add 145,000 members to Aetna's rolls and had about $317M in net earned premium last year. (previously: WellPoint/CareMore)
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  • Jun. 9, 2011, 3:23 PM
    Shares of Aetna (AET +3.7%) and Cigna (CI +4.6%) jump amid speculation that the two health insurers should merge. Barclays analyst Josh Raskin describes a setup where Aetna could pay as much as $16.1B for Cigna.
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  • Apr. 28, 2011, 9:24 AM
    Aetna (AET) agrees to acquire Prodigy Health Group, an independent third-party administrator of self-funded health care plans, for ~$600M. Aetna says it expects to finance the acquisition with available resources. AET +7.3% premarket. (PR)
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AET vs. ETF Alternatives
Company Description
Aetna Inc. is a health care benefit company, which offers traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans.
Sector: Healthcare
Country: United States