If at first you don't succeed in M&A, keep bidding until you do. That might be the mantra that Aetna (AET)
followed, letting other players in the health insurance space pay more
for other assets, but ultimately getting a pretty solid company of its
own in Coventry Health (CVH).
While there are certainly some risks in buying a health insurance
company about two months away from the U.S. presidential election, the
long-term logic of the deal seems likely to hold.
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Coventry Makes Sense For Aetna
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