Deals
Aetna to Buy Humana in $35 Billion Deal to Expand in Medicare
Aetna to Buy Humana for $37 Billion
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Aetna Inc. agreed to buy rival health insurer Humana Inc., paying about $35 billion in cash and stock for the second-largest U.S. provider of private health plans for the elderly.
The transaction, which prices Humana at $230 a share, combines the second- and fifth-largest U.S. health insurers by market size. The deal values Louisville, Kentucky-based Humana at 23 percent more than its closing price on Thursday, and including assumed debt totals about $37 billion.