Aetna Completes Acquisition Of Goodhealth Worldwide
HARTFORD, Conn., October 2, 2007 — Aetna (NYSE: ΑET) today announced that it has completed its acquisition of Goodhealth Worldwide, a leading managing general underwriter (or underwriting agent) for international private medical insurance that offers expatriate benefits to individuals, small and medium-sized enterprises, and large multinational clients around the world.
The acquisition was announced on September 4. Goodhealth Worldwide will be a unit of Aetna Global Benefits, the company’s international business for expatriates.
"We believe this acquisition broadens Aetna Global Benefits’ expatriate offerings and significantly enhances our global capabilities and reach," said Ronald A. Williams, Aetna chairman and CEO. "This transaction fits well with Aetna’s stated strategy of making acquisitions designed to enhance the company’s capabilities and expand into new markets."
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 34.9 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, long-term care and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans and government-sponsored plans in both the U.S. and internationally. Aetna’s international businesses include Aetna Global Benefits®, Aetna’s expatriate benefits division that focuses on providing comprehensive benefit solutions to employees working, travelling and living in over 100 countries. www.aetna.com