Aetna To Sell Missouri Medicaid As Part Of Coventry Deal

by Categorized: Uncategorized Date:

Reuters reports:

Aetna Inc. said on Tuesday it agreed to sell its Missouri Medicaid business to WellCare Health Plans Inc. as part of its purchase of Coventry Health Care Inc. because their combined Missouri businesses had exceeded Medicaid membership limits.

Aetna said in August that it planned to buy Coventry for about $5.6 billion to expand its Medicaid government health insurance business for the poor and disabled.

The deal, which it expects to complete in mid-2013, has been under review by U.S. antitrust regulators.

Aetna said that Missouri Care provides managed care to more than 100,000 members. It said that Coventry’s business in Missouri, HealthCare USA, has 250,000 members.

The Courant is using Facebook comments on stories. To comment on courant.com articles, sign into Facebook and enter your comment in the field below. Comments will appear in your Facebook News Feed unless you choose otherwise. To report spam or abuse, click the X next to the comment. For guidelines on commenting, click here.