Exclusive: Aetna mulls sale of Coventry Health Care assets - sources

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Exclusive: Aetna mulls sale of Coventry Health Care assets - sources

<p><a href="http://news.yahoo.com/exclusive-aetna-mulls-sale-coventry-health-care-assets-212011515--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/Mu3c4KI6NR7MuhNT1sz1Dw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-06-24T212011Z_1_LYNXMPEA5N14R_RTROPTP_2_COVENTRYHEALTH-AETNA.JPG" width="130" height="86" alt="A trader points up at a display on the floor of the New York Stock Exchange" align="left" title="A trader points up at a display on the floor of the New York Stock Exchange" border="0" /></a>Aetna Inc, the third largest U.S. health insurer, is exploring a sale of some of Coventry Health Care Inc's assets worth as much as $1.5 billion, according to people familiar with the matter, a year after it acquired its rival for $5.6 billion. 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.</p><br clear="all"/>

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