, Aetna Health Insurance announces the acquisition of Coventry Healthcare for $5.7bn
Aetna Inc., a major health insurance Company in the Philadelphia region, announced plans to buy Coventry Health Care Inc. in a $5.7 billion cash-and-stock deal. The purchase will increase the Aetna’s presence in government-financed health care programs such as Medicaid and Medicare. The acquisition will take place before major provisions of Affordable Care Act come into effect.
