Aetna, Inc. Announces Targeted Job Eliminations
November 18, 2009 |
| Aetna, Inc. announced that it is reducing its workforce by approximately 625 positions. This action is consistent with our goal of aligning our cost structure with the company's membership outlook for 2010. The Company currently has approximately 35,500 employees. The company expects to incur a restructuring charge of approximately $40 million, after tax, as a result of workforce reductions and ongoing real estate consolidation.1 In addition, The Company anticipates making a similar number of workforce reductions by the end of the first quarter 2010 and expects to disclose the financial impact of that action once decisions are finalized. |
Aetna, Inc. Reaffirms FY 2009 EPS Guidance-Conference Call
November 11, 2009 |
| Aetna, Inc. announced that it reaffirms fiscal 2009 guidance earnings per share (EPS) guidance and expects EPS to be at $2.75. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.77 for the same period. |
Aetna, Inc.'s Multibillion Dollar Contract In Jeopardy-Reuters
November 5, 2009 |
| Reuters reported that Aetna, Inc.'s multibillion dollar Department of Defense contract was in doubt on Wednesday after the U.S. Government Accounting Office (GAO) upheld a protest from a rival health insurer. Health Net Inc filed the protest a week after Aetna won the DOD contract on July 13. By sustaining the protest, the GAO is suggesting that it has some merit. The DOD awarded Aetna the $2.8 billion managed care contract to provide services for the northern region of the department's TRICARE program, replacing Health Net. The contract included five one year options for a total potential value of $16.7 billion. |
Aetna, Inc. Completes Acquisition of Horizon Behavioral Services, LLC
November 3, 2009 |
| Aetna, Inc. announced that it has completed its acquisition of Horizon Behavioral Services, LLC, a provider of Employee Assistance Programs to many mid sized and large employers. The business now will be part of Aetna Behavioral Health. |
Aetna, Inc. Signs Agreement With New York City Health And Hospitals Corporation
November 2, 2009 |
| Aetna, Inc. announced that it has reached an agreement with the New York City Health and Hospitals Corporation (HHC) to offer Aetna members in New York City in-network access to in-patient and out-patient services from HHC's 11 acute care hospitals, six Diagnostic and Treatment Centers and four nursing homes. The new three year agreement expands Aetna's current relationship with HHC's Elmhurst Hospital Center and Queens Hospital Center. All Aetna plans are covered under the new contract. Aetna provides health benefits to approximately 1.8 million members in the New York Metropolitan area. Those members have access to a network that includes 172 contracted hospitals and more than 56,000 health care providers, including primary care and specialist physicians, in the New York Metropolitan area. |
Psychiatric Solutions, Inc. Completes $70 Million Sale Of EAP Business To Aetna, Inc.
November 2, 2009 |
| Psychiatric Solutions, Inc. announced that it has completed the sale of its employee assistance program (EAP) business to Aetna, Inc. for approximately $70 million in cash. |
Aetna, Inc. And Sarasota Memorial Hospital Sign Agreement
October 30, 2009 |
| Aetna, Inc. announced that it has expanded its relationship with Sarasota Memorial Hospital by reaching agreement on a long-term contract that will provide access for Aetna`s Medicare Advantage members. This agreement marks the first time Sarasota Memorial has agreed to participate in a Medicare Advantage network plan. Under this new agreement, which takes effect November 1, Aetna Medicare Advantage plan members will be able to receive covered services, at in-network rates, from Sarasota Memorial Hospital. The hospital has participated in Aetna`s commercial network for several years and will continue to do so under this long-term deal. |
Aetna, Inc. Revises FY 2009 EPS Guidance Below Analysts' Estimates
October 29, 2009 |
| Aetna, Inc. revised its fiscal 2009 guidance and expects earnings per share (EPS) of $2.75. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.86 for the same period. |
Aetna, Inc. Declares Cash Dividend
September 25, 2009 |
| Aetna, Inc. announced that it has declared its regular annual cash dividend of $0.04 per share on the Company's common stock. The dividend is payable on November 30, 2009 to shareholders of record at the close of business on November 13, 2009. |
Aetna, Inc. Selected To Provide Medicare Advantage PPO Plans To Retired State Employees in Pennsylvania
September 22, 2009 |
| Aetna, Inc. announced that it has been selected by the Pennsylvania Employees Benefit Trust Fund (PEBTF) as the sole provider of Medicare Advantage PPO plans to retired state employees. The Company will be one of three health plans providing Medicare Advantage HMO plans. The contract takes effect January 1, 2010. |
Aetna, Inc. Reiterates FY 2009 EPS Outlook-Conference Call
September 15, 2009 |
| Aetna, Inc. reiterated its fiscal 2009 outlook and expects earnings per share (EPS) of $2.75-$2.90. According to Reuters Estimates, analysts were expecting the Company to report EPS of $2.86 for the same period. |
PEBTF Selects Aetna, Inc. to Provide Health Benefits for Retired State Employees
September 1, 2009 |
| The Pennsylvania Employees Benefit Trust Fund (PEBTF) announced that Aetna, Inc., Geisinger Health Plan and UPMC Health Plan have been selected to provide health benefits for retired state employees, effective January 1, 2010. |
Aetna, Inc. Announces State Of Arizona Health Care Contract
August 25, 2009 |
| Aetna, Inc. announced that it has been awarded a contract to provide health care benefits to Arizona's state employees. The contract becomes effective on October 1, 2009. The Company is offering state employees three benefit options: an Exclusive Provider Organization (EPO); a Preferred Provider Organization (PPO); and a Health Savings Account (HSA). |
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