Friday, July 3, 2015
Aetna will buyout rival health insurer Humana for $37 billion
Health insurance company Aetna Inc is said to have struck a deal to purchase Humana Inc for about $37 billion, or roughly $230 per Humana share, in a cash-and-stock deal.
Humana shareholders will get $125 in cash and 0.8375 Aetna shares for each share held, an about 23% premium to the stock's closing price on Thursday. Following the deal, Aetna's shareholders would own about 74% of the combined company.
Once done the new company will boast more than 33 million members, and bring in estimated revenue of about $115 billion per year. 56% of the revenue will be from government-sponsored programs like Medicare.
Labels:
Aetna,
Health Insurance,
Humana
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