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Aetna to acquire Regional Health Network for $390M.


Aetna Inc. said it would acquire HMS HMS
abbr.
Her (or His) Majesty's Ship

HMS (Brit) abbr (= His (or Her) Majesty's Ship) → Namensteil von Schiffen der Kriegsmarine
 Healthcare, a regional health-care network, for about $390 million in cash, which the health insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual.

An insurer is frequently an insurance company and is also known as an underwriter.
 said would strengthen its market presence, especially in Michigan and Colorado, by providing access to competitive physician and hospital networks.

Aetna said it also is entering the market to provide network access to other health plans in those states.

HMS Healthcare is a privately held company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
 that is majority owned by entities affiliated with KRG KRG Kurdistan Regional Government
KRG Key Resource Group (Los Angeles, California)
KRG Killology Research Group
KRG Knoxville Repeater Group
 Capital Partners, which operates under four trade names, Aetna said.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Article Details
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Title Annotation:Companies
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 1, 2005
Words:87
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