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Aetna Inc (AET)

AET on New York Consolidated

126.34USD
21 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Molina says Aetna or Humana may pay to co fee of $50 mln, if deal is terminated on or prior to Dec 31
Friday, 5 Aug 2016 05:33pm EDT 

Molina Healthcare : In case of termination of asset purchase deal on or prior to dec 31, , aetna,or humana to pay to co termination fee of $50 million .If deal is terminated on or after jan 1, 2017 but prior to july 1, 2017,aetna and or humana to pay to co termination fee of $100 million.  Full Article

Aetna expands Accountable Care collaboration with Duke Health and Wakemed Health & Hospitals
Wednesday, 3 Aug 2016 11:15am EDT 

Aetna Inc: Aetna Inc says expanded accountable care collaboration with Duke Health and Wakemed Health & Hospitals .ACO will now be offered to self-funded employers.  Full Article

Humana qtrly GAAP earnings per share $2.06
Wednesday, 3 Aug 2016 06:55am EDT 

Humana Inc : Humana reports second quarter 2016 financial results; reaffirms recent 2016 financial guidance increase . Consolidated revenues (including investment income) for 2q 2016 were $14.01 billion, an increase of 2 percent 2q 2015 . 2Q 2016 consolidated benefit ratio of 84.3 percent decreased by 90 basis points from 85.2 percent for 2q 2015 . Company has agreed with Aetna that its quarterly dividend will not exceed $0.29 per share prior to closing transaction . Qtrly adjusted earnings per share $2.30 . Expects 2017 geographic presence for individual commercial offerings to cover no more than 156 counties, down from 1,351 counties in 2016 . To maintain individual commercial on-exchange coverage options in markets where it expects to offer stable individual commercial health plan . Individual Medicare advantage membership was 2.8 million as of june 30, 2016, an increase of 4 percent, from june 30, 2015 . Individual medicare advantage membership was 2,816,500 as of june 30, 2016, an increase of 107,200, or 4 percent . Group medicare advantage membership was 351,700 as of June 30, 2016, a decrease of 121,400, or 26 percent . "challenges in our individual commercial business remain" . Ability and intent to continue its quarterly dividend policy is not impacted by pending transaction with Aetna . Together with Aetna, company intends to defend deal in response to lawsuit . Qtrly GAAP earnings per share $2.06.  Full Article

Molina Healthcare to acquire certain medicare assets from Aetna and Humana
Tuesday, 2 Aug 2016 06:30am EDT 

Molina Healthcare Inc : Transactions expected to be immediately accretive to earnings following close . Expects to fund transactions with available cash, but has also received a debt commitment letter .Molina Healthcare to acquire certain medicare advantage assets from Aetna and Humana.  Full Article

Aetna and Humana agree to sell certain assets to Molina Healthcare
Tuesday, 2 Aug 2016 06:15am EDT 

Aetna Inc : Aetna Inc says deal valued at $117 million . Transactions contingent on successful closing of Aetna-Humana transaction . Deal for a total estimated $117 million in cash for both transactions . Companies remain committed to defending their pending transaction against a u.s. Department of justice lawsuit seeking to block it . Believe divestitures taken together would address Department Of Justice's perceived "competitive concerns" regarding medicare advantage . Aetna and Humana agree to sell certain medicare advantage assets to Molina Healthcare Inc .As a result of transactions, Molina is expected to gain approximately 290,000 medicare advantage members in 21 states.  Full Article

Aetna Q2 operating EPS $2.21
Tuesday, 2 Aug 2016 06:00am EDT 

Aetna Inc: Q2 revenue $16 billion versus I/B/E/S view $15.69 billion . Quarter 2016 results . Reaffirms FY 2016 operating earnings per share view $7.90 to $8.10 . Q2 earnings per share $2.23 . Q2 earnings per share view $2.12 -- Thomson Reuters I/B/E/S . Aetna projects full-year 2016 net income per share of $6.28 to $6.48 . Projects full-year 2016 net income per share of $6.28 to $6.48 . FY2016 earnings per share view $8.05 -- Thomson Reuters I/B/E/S . Qtrly health care medical benefit ratio 82.4% versus 81.1% . Medical membership totaled approximately 23.0 million at june 30, 2016 . "continue to expect strong operating performance for remainder of 2016" .To withdraw all 2017 public exchange expansion plans, undertaking evaluation of future participation in current 15-state footprint.  Full Article

Moody's affirms Aetna's and Humana's ratings
Wednesday, 27 Jul 2016 04:31pm EDT 

Aetna [AET.N] Humana [HUM.N] : Moody's affirms aetna's ratings, humana's ratings remain on review following doj lawsuit . The outlook on aetna and its subsidiaries remains stable. .Ratings reflect that there remains reasonable probability that merger will ultimately be approved despite doj lawsuit.  Full Article

Centene Corp: Do not have the network for Aetna assets
Tuesday, 26 Jul 2016 11:05am EDT 

Centene Corp : Continue to see as well as anticipate stable medical cost trends - conf call . Health insurance exchange experience continues to be favorable - conf call . Do not have the network for humana and aetna assets; want products for low-income seniors . In the second quarter, over 90 percent of exchange members were subsidy-eligible - conf call . Entered the q2 with about 680,000 exchange members across 15 states - conf call Further company coverage: [CNC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

S&P says Aetna and Humana placed on creditwatch following U.S. DOJ announcement
Thursday, 21 Jul 2016 07:12pm EDT 

S&P on Aetna and Humana: Intend to resolve the creditwatch placements after we evaluate additional details surrounding the suit and assess potential courses of action . Aetna Inc., Humana Inc. and core subsidiaries ratings placed on creditwatch following U.S. department. Of justice announcement Source (http://bit.ly/29XoZD7) (Reporting by Parikshit Mishra) ((Parikshit.Mishra@thomsonreuters.com; +91 80 6749 6026;)).  Full Article

Aetna CEO Bertolini says "we are willing to take this all the way to the very end" - CNBC
Thursday, 21 Jul 2016 12:47pm EDT 

: Aetna Inc CEO Mark Bertolini - We think the remedies we propose were appropriate - CNBC . Aetna Inc CEO Mark Bertolini - "We are willing to take this all the way to the very end" - CNBC . Aetna CEO - If we can't come to negotiation on what markets to divest...willing to let judge decide whether medicare advantage ,medicare fee for service compete - CNBC Further company coverage: [AET.N HUM.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

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