Aetna Completes Acquisition of Medicity

HARTFORD, Conn.--(BUSINESS WIRE)-- Aetna (NYSE: AET) today announced that it has completed its acquisition of Medicity Inc., a health information exchange technology company, headquartered in Salt Lake City, Utah. A leading innovator in provider solutions, Medicity offers a broad range of products and services that enable health systems, hospitals, physician practices and health information exchanges to securely access and exchange health care information, improving the quality and efficiency of patient care and reducing unnecessary health care costs.

The transaction was announced on December 7, 2010. Medicity will operate as a separate business within Aetna, under its existing leadership structure.

About Aetna

Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 35.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.



CONTACT:

Aetna
Media Contact:
Fred Laberge, 860-273-4788
[email protected]
or
Investor Contact:
Tom Cowhey, 860-273-2402
[email protected]

KEYWORDS:   United States  North America  Connecticut  Utah

INDUSTRY KEYWORDS:   Practice Management  Health  Hospitals  Other Health  Professional Services  Insurance  General Health  Managed Care

MEDIA:

Logo
 Logo

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.