Exclusive: WellCare, Centene make offers for Aetna assets – sources

By Carl O’Donnell and Caroline Humer (Reuters) – WellCare Health Plans Inc and Centene Corp have made competing offers for the Medicare Advantage insurance plans that Aetna Inc looks to shed in seeking clearance for its acquisition of Humana Inc , people familiar with the matter said. The potential divestiture is a central pillar of Aetna’s efforts to win over regulators for its $34-billion Humana deal. WellCare and Centene submitted bids this week for a portfolio of Aetna’s Medicare Advantage plans that covers around 350,000 patients, the people said.

Read the original here:
Exclusive: WellCare, Centene make offers for Aetna assets – sources