Aetna Completes Acquisition Of ActiveHealth Management
HARTFORD, Conn., May 27, 2005 — Aetna (NYSE: ΑET) today announced that it has completed its acquisition of ActiveHealth Management, a clinically-focused, technology-driven health management and health care data analytics company, headquartered in New York, N.Y. Aetna announced on May 13 its agreement to acquire ActiveHealth for approximately $400 million. The transaction was financed from available cash.
"This acquisition is further evidence that we are committed to strengthen Aetna’s strategic focus on innovation, information and integration," said Ronald A. Williams, president. "Aetna intends to operate ActiveHealth as a branded, standalone business, and to maintain its high standards of service and innovation in serving its broad range of customers." Through the use of its patented Care Engine® System, ActiveHealth provides vital evidence-based medical management and data analytics products and services to a broad range of customers, including health plans, employers, public agencies under state government-funded Medicaid programs, federal government-funded Medicare programs and others. Learn more at www.ActiveHealth.net.
As one of the nation’s leading providers of health care, dental, pharmacy, group life, disability and long-term care benefits, Aetna puts information and helpful resources to work for its approximately 14.4 million medical members, 12.8 million dental members, 9.0 million pharmacy members and 14.0 million group insurance members to help them make better informed decisions about their health care and protect their finances against health-related risks. Aetna provides easy access to cost-effective health care through a nationwide network of more than 672,000 health care professionals, including approximately 400,000 primary care and specialist doctors and 4,084 hospitals. For more information, please visit www.Aetna.com. (Figures as of March 31, 2005)