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 purchase 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.
Aetna Inc. (Aetna) is a diversified healthcare benefits company. Shares of AET remained unchanged at $46.93. In the past year, the shares have traded as low as $34.58 and as high as $51.14. On average, 3822900 shares of AET exchange hands on a given day and today's volume is recorded at 0.
Coventry Health Care, Inc. (Coventry) is a diversified national managed healthcare company based in Bethesda, Maryland. Shares of CVH remained unchanged at $45.21. In the past year, the shares have traded as low as $27.72 and as high as $45.25. On average, 1025710 shares of CVH exchange hands on a given day and today's volume is recorded at 0.
WellCare Health Plans, Inc. (WellCare) provides managed care services to government-sponsored health care programs. Shares of WCG remained unchanged at $48.21. In the past year, the shares have traded as low as $44.75 and as high as $74.41. On average, 770756 shares of WCG exchange hands on a given day and today's volume is recorded at 0.
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