Insurer Aetna Completes Horizon Behavioral Deal
INDIANAPOLIS (AP) Managed care company Aetna Inc. said Tuesday it has completed a $70 million acquisition of employee assistance program provider Horizon Behavioral Services LLC.
Hartford, Conn.-based Aetna, which announced the deal in July, said Horizon will become part of Aetna Behavioral Health. The deal will not have a material impact on fourth-quarter earnings, spokesman Fred Laberge said. Lewisville, Texas-based Horizon, the third-largest U.S. provider of employee assistance program services, compliments Aetna's existing business in that area, which focuses mostly on large companies. "This gives us a footprint in the small group area," LaBerge said. Aetna bought Horizon from Psychiatric Solutions Inc. Aetna shares fell 26 cents to $26.01 in late Tuesday morning trading. (This version CORRECTS the spelling of Laberge's name.)- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |














