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Aetna (NYSE:AET): Current price $48.41
Aetna reported on Tuesday that it will divest its Missouri Medicaid unit to WellCare Health Plans as part of its acquisition of Coventry Health Care because their combined Missouri divisions had surpassed Medicaid membership limits. Back in August, Aetna had planned to purchase Coventry for around $5.6 billion so as to grow its Medicaid government health insurance business for the poor and disabled.
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