Aetna, Humana To Sell Medicare Advantage Assets To Molina Healthcare

(RTTNews) - Aetna (AET) and Humana Inc. (HUM) announced they have entered into separate agreements to sell certain of their respective Medicare Advantage assets to Molina Healthcare, Inc. (MOH) for a total estimated $117 million in cash for both transactions. The transactions are subject to the successful completion of Aetna's proposed acquisition of Humana.

Molina is expected to gain approximately 290,000 Medicare Advantage members in 21 states, preserving competition for seniors choosing to receive Medicare coverage through Medicare Advantage plans and addressing a key concern of the U.S. Department of Justice in its challenge to the Aetna-Humana transaction.