Kate Informed
Kate Objective

The opinions and views reflected in the articles posted do not necessarily reflect the views of Hager Strategic. Links to these news features are not part of www.hagerstrategic.com . The owners of these external sites own the intellectual property rights to the material on the linked sites. While Hager Strategic cannot certify the accuracy of the material published on the linked site, we make every effort to post links only to websites and news sources we find reliable and trustworthy.

NEWS - Aetna to Acquire Insurance Exchange Technology Provider bswift

November 3, 2014 – Hartford, CT – Aetna today announced that it has entered into an agreement to acquire privately held bswift, which provides a technology platform that offers a retail shopping experience for health insurance exchanges and employers nationwide. Additionally, bswift offers benefits administration technology and services to employers.

The purchase price is approximately $400 million, which Aetna expects to finance with available resources. The transaction is subject to customary closing conditions, including Hart-Scott-Rodino antitrust regulatory approval. The acquisition is expected to close before the end of the year. As financed, the transaction is expected to be neutral to 2014 and 2015 operating earnings per share.

“Bswift’s consumer-friendly technology for benefits shopping and administration is an excellent fit with our proprietary exchange strategy,” said Mark T. Bertolini, Aetna chairman, CEO and president. “With more employers giving employees their choice of benefits via private exchanges, bswift’s technology platform will provide Aetna with the capability to deliver a new private-exchange offering for employers of all sizes where the focus is on helping people easily choose a plan that’s right for them and their families.”

Click on the external link below to review the entire article:

http://news.aetna.com/news-releases/aetna-to-acquire-insurance-exchange-technology-provider-bswift/