Aetna to Buy Humana for $37 Billion Making Largest Insurance Deal Deal

Health insurer Aetna Inc. said on Friday it would buy smaller rival Humana Inc. for about $37 billion in cash and stock, in the largest ever deal in the insurance industry.
The deal will face antitrust scrutiny but if it goes through it would dwarf the previous largest insurance deal announced just this week, where Swiss property and casualty giant ACE Ltd announced it was buying Chubb Corp for $28 billion. Aetna and Humana are in nine of the same states in Medicare Advantage. Combined, they would have market share of 88 percent in Kansas, 80 percent in West Virginia, 58 percent in Iowa and 51 percent in Missouri.



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