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.
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