Aetna is a major health insurance provider in the United States. The company was founded in 1853 and is headquartered in Hartford, Connecticut. Aetna is a wholly owned subsidiary of CVS Health.
As of 2019, Aetna offers health insurance coverage in all 50 states and in Washington, D.C.
Aetna has been in negotiations to purchase CVS Health for years, but the deal has been held up by regulatory reviews. In 2018, Aetna and CVS announced that they had reached an agreement to merge, but the deal was again blocked by regulatory reviews.
The merger was finally approved in December 2018, and Aetna became the largest health insurer in the United States.
The combined company would have been the second largest health insurer in the world, behind UnitedHealth Group. However, the deal was again blocked by regulators in January 2019, this time because of antitrust concerns.
The deal is still pending approval.
Overall, Aetna is a major player in the health insurance market and is a subsidiary of CVS Health. The company has been in negotiations to purchase CVS Health for years, but the deal has been held up by regulatory reviews.
If the deal is approved, the combined company would be the second largest health insurer in the world.
