Aetna Completes Acquisition of Medicity

Jan 03 2011
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Dateline City:
HARTFORD, Conn.

HARTFORD, Conn.–(BUSINESS WIRE)–Aetna (NYSE: AET) today announced that it has completed its acquisition of Medicity Inc., a health information exchange technology company, headquartered in Salt Lake City, Utah. A leading innovator in provider solutions, Medicity offers a broad range of products and services that enable health systems, hospitals, physician practices and health information exchanges to securely access and exchange health care information, improving the quality and efficiency of patient care and reducing unnecessary health care costs.

The transaction was announced on December 7, 2010. Medicity will operate as a separate business within Aetna, under its existing leadership structure.

About Aetna

Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 35.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.

Language:
English

Contact:

Aetna
Media Contact:
Fred Laberge, 860-273-4788
labergear@aetna.com
or
Investor Contact:
Tom Cowhey, 860-273-2402
cowheyt@aetna.com

Ticker Slug:
Ticker:
AET

Exchange:
NYSE