Aetna is working with Bank of America Merrill Lynch on a sale process for Coventry's workers' compensation business that is expected to attract interest from other companies in the sector as well as private equity firms. Aetna and Bank of America Merrill Lynch declined to comment. The sale process reaffirms that Aetna's acquisition of Coventry was always about boosting its share of the fast-growing, U.S. government-backed Medicare and Medicaid programs. Aetna has its own workers' compensation business called Workers' Comp Access.
via Business News - Yahoo Finance http://ift.tt/1pgLrHT
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