”Aetna has several options for use of the proceeds of the transaction, including but not limited to internal investments to enhance the company’s customer experience, share repurchases and repayment of debt,” the insurer said. The deal could also fund future acquisitions after Aetna’s deal with Louisville, Ky.-based Humana failed in February.
The acquisition is slated to close in early November. The deal is subject to state regulatory approvals and closing conditions.
More articles on payer issues:
Iowa withdraws ACA waiver application, calls law ‘unworkable’
69% of metro areas have ‘significant’ absence of health insurer competition, AMA finds
UnitedHealth to add 500 jobs in Kansas, with 150 heading to OptumRx
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