CVS Health mulls sale of Aetna's workers' comp division

CVS Health-owned Aetna is considering selling its Coventry workers' compensation unit, three people familiar with the matter told The PE Hub Network.

The sale process is in its early stages, but the sources said Coventry's workers' compensation division could be valued between several hundred million dollars and $1 billion.

A small group of possible bidders have gotten teasers on the deal. There is no specific initial bid date. Potential buyers include large buyout funds and private equity-backed strategics, according to The PE Hub Network.

Aetna previously weighed selling the Coventry unit in 2014.

More articles on payers:
UnitedHealth to open Medicare centers in Walgreens stores
Walmart to use UnitedHealth-owned services in 3-state telehealth pilot
10 states with the highest insurance deductibles

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Learning Opportunities

Featured Webinars

Featured Whitepapers

Featured Podcast

Top 40 articles from the past 6 months