The following insurers made headlines this week. They are listed below, beginning with the most recent.
Transactions & Valuation Issues
Hartford, Conn.-based Aetna would be required to pay Louisville, Ky.-based Humana $1 billion if Aetna's $37 billion deal to acquire Humana does not close by June 30, 2016, according to a Securities and Exchange Commission filing by Humana.
Three days after announcing it would be acquired by Hartford, Conn.-based Aetna, Louisville, Ky.-based health insurer Humana lowered its 2015 financial forecast, according to Reuters.
Ventas — a real estate investment trust — has reached a deal with Equity Group Investments, giving EQI a majority ownership of the hospital operations of Nashville, Tenn.-based Ardent Health Services, which Ventas agreed to buy earlier this year.
After Aetna's $37 billion purchase of Humana, executives said they plan to maintain or even increase employment in Louisville, Ky., according to a report in The Courier-Journal.
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Moody's Investors Service has affirmed the "Baa3" rating on New England-based Harvard Pilgrim Health Care's bonds, affecting approximately $49 million of series 1998A fixed-rate bonds to be issued through the Massachusetts Health and Educational Facilities Authority.
Aetna Chairman and CEO Mark Bertolini believes his company's $37 billion deal to acquire health insurer Humana will pass antitrust review, allowing the transaction to close in the second half of 2016, according to Reuters.
Ingalls Health System, a single-hospital system located in Harvey, Ill., is exploring partnership options to give it more clout when negotiating with payers, according to a Crain's Chicago Business report.
The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week.
Hartford, Conn.-based health insurer Aetna has entered into a definitive agreement to acquire all outstanding shares of Louisville, Ky.-based Humana in a deal valued at $37 billion.