Future structure of Humana is 'still to be defined'

In early July, Hartford, Conn.-based health insurer Aetna proposed to acquire Louisville, Ky.-based Humana in a $37 billion deal. Now officials are determining what the structure of Humana will look like once the acquisition is completed, according to Louisville Business First.

"All the leadership decisions, operating model, management process are still to be defined," said Aetna CEO Mark Bertolini, according to the report. "I mean, they're still a competitor and so we don't have the kind of visibility or command of that organization to make those decisions."

However, Mr. Bertolini did say there will be "stay bonuses" for people who are necessary for ongoing operations, and leadership will "approve those as part of the merger agreement going forward."

Mr. Bertolini added that he and Humana CEO Bruce Broussard are "in constant conversations about this and making sure that we're keeping the people we need to keep," according to the report.

In January, Mr. Bertolini said he expects the Aetna-Humana deal to close at some point in 2016. Later that month, he traveled to Louisville, where he told residents the city was "the most important part of our business."

Aetna plans to "continue to work diligently with the Department of Justice and the state regulators toward final approval of [its] proposed acquisition of Humana" and "continue to advance [its] integration readiness plans," according to Mr. Bertolini.

More articles on payer issues:
Aetna, Boston Children's Hospital resolve contract dispute
Aetna Q4 profit exceeds estimates
Aetna CEO calls Louisville 'the most important part of our business' 

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Top 40 articles from the past 6 months