Jul
10
WellCare, Centene Are Said to Bid for Aetna Medicare Assets
ByWellCare, Centene Are Said to Bid for Aetna Medicare Assets
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Aetna seeks antitrust approval of Humana deal with asset sales
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Insurer presented divestiture plan to Justice officials Friday
Health insurers including WellCare Health Plans Inc. and Centene Corp. have offered to buy assets that Aetna Inc. may have to sell to gain regulatory approval for its proposed $37 billion takeover of Humana Inc., a person familiar with the matter said.
WellCare and Centene have separately bid for Aetna’s Medicare Advantage policies that are up for sale, covering about 350,000 people. Other health insurers are eyeing pieces of the business, the person said Saturday. Aetna covers about 1.3 million people in Medicare Advantage plans, while Humana covers 3.2 million…
WellCare, Centene Are Said to Bid for Aetna Medicare Assets
