Aetna to get Coventry Health for $5.
and Cigna Corp. to make acquisitions amid President Barack Obama’s health care overhaul. WellPoint said last month it could purchase Medicaid insurer Amerigroup Corp. For $4.9 billion, and Cigna bought Medicare specialist Healthspring Inc. For $3.8 billion in January . Reuters: Insurer Aetna TO GET Coventry Health For $5.6 Billion Insurer Aetna Inc has signed a offer to get rival Coventry HEALTHCARE Inc for $5.6 billion in stock and cash, the latest in a string of multi-billion-dollar acquisitions in the U.S. Healthcare sector. Aetna can pay $27.30 in cash and 0.3885 shares for every Coventry share held, a complete value of $42.08 per share, Coventry and Aetna said in a joint declaration . This article was reprinted from kaiserhealthnews.org with permission from the Henry J.Attorney Thomas W. Beimers of the Eastern District of Michigan. The FBI and the HHS Workplace of Inspector General carried out the investigation. The case was brought within the Medicare Fraud Strike Power, supervised by the Criminal Division’s Fraud Section and U.S. Attorney’s Office for the Eastern District of Michigan. Because the inception of Hit Pressure operations in March 2007 – Miami , LA , Detroit , Houston and Brooklyn – the Strike Drive has obtained indictments greater than 460 individuals and companies that collectively possess falsely billed the Medicare plan for several billion dollars.