Aetna and Humana Inc. are entered into a definitive agreement where Aetna will acquire all outstanding shares of Humana for a combination of cash and stock valued at $37 billion.
The Closing will be approximately $230 per Humana share.
The joint release also noted that, “The combined company will be well positioned to offer a broad choice of affordable, consumer-centric health care products, helping to constrain cost growth, improve health outcomes, and promote wellness.
After closing Aetna will make Louisville the headquarters for its Medicare, Medicaid and TRICARE businesses, and will maintain a significant corporate presence in Louisville.
View the full release here.