M&A Deal Summary

Aetna Acquires Coventry Health Care

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2013-05-07
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

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(S) 1

Buyer

Aetna

Hartford, Connecticut, United States
Category Company
Founded 1853
Sector Insurance
Employees50,100
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 STATS #
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-27 InterGlobal Insurance

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 -
Mergr

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