Aetna Finalizes Two Acquisitions Totaling $492 Million

Aetna completed two acquisitions that it had previously announced -- Genworth Financial's Medicare supplement business and PayFlex Holdings Inc.

Published on October 4, 2011

Aetna announced in June it was planning to buy Genworth's Medicare supplement business, Continental Life Insurance Co. of Brentwood, Tenn., for $290 million which it financed with available resources.

In July, Aetna said it planned to buy PayFlex Holdings, a health plan administrator, for $202 million.