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Article: Mega managed care deal redefines mkt. (Aetna Life and Casualty Co.'s purchase of U.S. Healthcare)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- April 8, 1996
- Author:
CopyrightCOPYRIGHT 1996 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Aetna Life & Casualty's $8.9 billion cash and stock deal for U.S. Healthcare serves notice that the landscape has changed for insurers and managed care specialists, analysts said.
The new company will have 14.1 million members, 10.3 million in managed care and 3.8 million in indemnity coverage.
The combined company "has the potential to redefine the way health care is delivered in this country," said Ronald E. Compton, Aetna's chairman at a news conference in New York.
"This is going to give everybody a wake up call as to whether or not they're in the managed care business," said Don Gasparro, managing director at Apex Management Group, Princeton, N.J. ...