Aetna Completes Acquisition of ActiveHealth Management.HARTFORD, Conn. -- Aetna (NYSE NYSE See: New York Stock Exchange : AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) 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 New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , 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 stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. 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(R) 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 pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. , group life, disability and long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. 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) |
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