Key Developments: Aetna Inc (AET)

AET on New York Consolidated

11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Aetna Inc and Best Doctors, Inc. Form Alliance to Provide Teacher Retirement System of Texas Retirees and Dependents Medical Support
Wednesday, 27 Mar 2013 10:02am EDT 

Aetna Inc and Best Doctors, Inc. announced a strategic alliance that will offer Aetna Medicare Advantage participants in the Teacher Retirement System of Texas (TRS) access to the medical expertise of Best Doctors` highest-ranked 5% of medical experts in the world. Best Doctors` medical experts will work collaboratively with participants` treating physicians to find or help confirm the correct diagnoses and effective treatment plans. Eligible participants can voluntarily contact Best Doctors anytime they face medical uncertainty - whether it concerns minor surgery or a serious illness, like cancer or heart disease. Best Doctors works with the best 5%of doctors from its physician database, audited and certified by Gallup, who are medical experts in more than 400 subspecialties.  Full Article

Aetna Inc Forms Strategic Alliance with Starr International in Hong Kong
Thursday, 14 Mar 2013 10:00pm EDT 

Aetna Inc and Starr International Insurance (Asia) Ltd., have formed a strategic alliance to offer medical insurance and health care solutions in Hong Kong. As part of the new relationship, Aetna`s medical insurance policies in Hong Kong are being underwritten by Starr International, an insurance firm licensed by the Hong Kong Insurance Authority. The new underwriting took effect on January 24 for new Aetna policies and on March 1 for renewals.  Full Article

Aetna Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Monday, 25 Feb 2013 10:20am EST 

Aetna Inc announced that for fiscal 2013, it expects revenue growth accelerating to 9%. The Company reported revenue of $35.544 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $38.842 billion for fiscal 2013.  Full Article

Aetna Inc Declares Quarterly Cash Dividend; Authorizes Additional Share Repurchases
Tuesday, 19 Feb 2013 02:00pm EST 

Aetna Inc announced that the Board declared a quarterly cash dividend of $0.20 per share on the Company`s common stock. The dividend was declared on February 19, 2013, and is payable on April 26, 2013, to shareholders of record at the close of business on April 11, 2013. The Board authorized the Company to repurchase up to an additional $750 million of its common stock from time to time. This authorization is in addition to the approximately $505 million of repurchase authority available under Aetna`s prior authorization as of December 31, 2012. The company intends to continue buying shares in the open market from time to time.  Full Article

Aetna Inc Appoints Nancy Ham As Chief Executive Officer
Thursday, 14 Feb 2013 08:30am EST 

Aetna Inc announced the appointment of Nancy Ham to Chief Executive Officer of Medicity. Medicity, an Aetna subsidiary, is the provider of health information exchange technology solutions for hospitals, physicians and health information exchanges (HIEs).  Full Article

Aetna Inc Announces CFO Change-Form 8-K
Thursday, 31 Jan 2013 11:17am EST 

Aetna Inc reported in its Form 8-K that as part of the planned management transition, Shawn M. Guertin has been appointed Senior Vice President, Chief Financial Officer (CFO) and Chief Enterprise Risk Officer effective February 25, 2013. Mr. Guertin will succeed Mr. Zubretsky as Aetna’s Chief Financial Officer (CFO) and Chief Enterprise Risk Officer on that date. Mr. Guertin will report directly to Mr. Bertolini.  Full Article

Aetna Inc Reaffirms FY 2013 EPS Guidance
Thursday, 31 Jan 2013 06:00am EST 

Aetna Inc reaffirmed fiscal 2013 projected operating earnings per share of at least $5.40. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.53 for fiscal 2013.  Full Article

Aetna Inc Sells $150 Million Cat Bond-Reuters
Thursday, 24 Jan 2013 08:23am EST 

Reuters reported that Aetna Inc sold $150 million of catastrophe bonds to cover higher-than-expected medical claims. Catastrophe bonds allow insurers to pass on extreme risks, such as those related to earthquakes or hurricanes, to financial market investors. The deal will cover the U.S. insurer against claims on a portion of Aetna’s group commercial health insurance business. Goldman Sachs and BNP Paribas structured the deal.  Full Article

Aetna Inc Agrees To Sell Missouri Medicaid Business To WellCare Health Plans, Inc.-DJ
Tuesday, 22 Jan 2013 09:20am EST 

Dow Jones reported that Aetna Inc has agreed to sell its Missouri Medicaid business to WellCare Health Plans, Inc. for an undisclosed amount as Aetna looks to meet the requirements tied to its proposed acquisition of Coventry Health Care Inc. Aetna in August agreed to acquire Coventry in a $5.7 billion cash and stock deal.  Full Article

Aetna Inc Reaffirms FY 2013 Guidance; Updates On Acquisition Of Coventry Health Care Inc-Reuters
Monday, 7 Jan 2013 06:08pm EST 

Reuters reported that Aetna Inc reaffirmed profit and revenue outlook for fiscal 2013 and said as of last week it had received 17 of the 21 state approvals needed for its planned acquisition of smaller rival Coventry Health Care Inc. Aetna continues to expect fiscal 2013 operating earnings of at least $5.40 a share, on a 9% increase in revenue, reiterating the forecast it gave in mid-December. Aetna plans to buy Coventry for $5.6 billion.  Full Article

Fonterra, Abbott to build dairy farms in China

WELLINGTON, July 11 - New Zealand dairy co-operative Fonterra and U.S. healthcare company Abbott are planning to build up to five dairy farms in China to secure domestic supply to meet rising demand for milk in the world's second-largest economy.

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