CVS Health mulls sale of Aetna's workers' comp division

CVS Health-owned Aetna is considering selling its Coventry workers' compensation unit, three people familiar with the matter told The PE Hub Network.

The sale process is in its early stages, but the sources said Coventry's workers' compensation division could be valued between several hundred million dollars and $1 billion.

A small group of possible bidders have gotten teasers on the deal. There is no specific initial bid date. Potential buyers include large buyout funds and private equity-backed strategics, according to The PE Hub Network.

Aetna previously weighed selling the Coventry unit in 2014.

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