Add-on Acquisition • Insurance

Aetna Acquires Coventry Health Care

On May 7, 2013, Aetna acquired insurance company Coventry Health Care for 7.3B USD

Acquisition Context

This is Aetna’s 5th transaction in the Insurance sector.
This is Aetna’s 2nd largest (disclosed) transaction.
This is Aetna’s 12th transaction in the United States.
This is Aetna’s 1st transaction in Maryland.

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M&A Deal Summary
Date	May 7, 2013
Target	Coventry Health Care
Sector	Insurance
Buyer(s)	Aetna
Deal Type	Add-on Acquisition
Deal Value	7.3B USD
Advisor(s)	Greenhill & Co. (Financial)

Target Company

Coventry Health Care

Bethesda, Maryland, United States

Coventry Health Care, Inc. is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups.

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Buyer Overview 1

Buyer

Aetna

Hartford, Connecticut, United States

Category	Company
Founded	1853
Sector	Insurance
Employees	50,100
Revenue	63.2B USD (2016)

DESCRIPTION

Aetna, Inc. is a diversified health care benefits company. Aetna offers medical, pharmaceutical, dental, behavioral health, long-term care, and disability health-care plans. Aetna was founded in 1853 and is based in Hartford, Connecticut.

Deal Context for Buyer	#
Overall	12 of 14
Sector: Insurance	5 of 6
Type: Add-on Acquisition	9 of 11
State: Maryland	1 of 1
Country: United States	12 of 13
Year: 2013	1 of 2
Size (of disclosed)	2 of 11

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2013-04-01	Missouri Care Columbia, Missouri, United States Missouri Care, provides healthcare services.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2013-04-01

Missouri Care

Columbia, Missouri, United States

Missouri Care, provides healthcare services.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2013-11-27	InterGlobal Insurance Co. Farnham, United Kingdom InterGlobal is a niche insurer operating in the high growth international private medical insurance (IPMI) market, typically for large corporates. It was a turnaround and is now developing strongly.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2013-11-27

InterGlobal Insurance Co.

Farnham, United Kingdom

InterGlobal is a niche insurer operating in the high growth international private medical insurance (IPMI) market, typically for large corporates. It was a turnaround and is now developing strongly.

Buy

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