Aetna acquires managed health care company Coventry Health Care for $8.7 billion
Clients Aetna Inc.
Jones Day acted as antitrust counsel to health insurer Aetna Inc. in its acquisition of Maryland based managed health care organization Coventry Health Care, Inc., for approximately $8.7 billion. Coventry's products include Medicare Advantage and Medicare Part D programs, Medicaid managed care plans, group and individual health insurance, coverage for specialty services such as workers’ compensation, and network rental services. The acquisition is projected to add nearly 4 million medical members and 1.5 million Medicare Part D members to Aetna’s membership, and increase Aetna’s share of revenues from Government business to over 30 percent.