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Bloomberg L.P.

Aetna Plans To Buy Humana For $37 Billion

Aetna Plans To Buy Humana For $37 Billion

HARTFORD — Aetna Inc. will buy Humana Inc. for $37 billion in a merger of two of the top health insurers in the nation, under a deal announced Friday. Mark Bertolini, Aetna's CEO, will lead the combined company, whose headquarters will remain in Hartford. Under the agreement, Aetna will keep a "significant" presence at the Humana headquarters in Louisville, Ky., making it home to the combined companies' Medicare, Medicaid and military insurance businesses. The merger announcement forecasts $1.25 billion in operating cost reductions. The announcement did not address how much of those efficiencies will require job reductions. Aetna has 6,100 employees in...