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Cramer Quick Take: Aetna's Making A Good Deal

Stocks in this article: AET CVH

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NEW YORK ( TheStreet) -- Aetna's (AET) acquisition of Coventry Health Care (CVH) is a big win for Aetna, Jim Cramer told Debra Borchardt at TheStreet.com.

Cramer said when he spoke with Aetna's Mark Bertolini earlier on Monday, the company's CEO did a fantastic job explaining how the deal will help Aetna in the future. He said the deal gives the company more exposure to government-sponsored health care and provides it a great footprint in new places.

Cramer noted that companies aren't as picky as retail investors when it comes down to valuations, which is why Aetna was happy to pay 13 times earnings for Covernty.

Watch the full Cramer interview here.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here: Scott Rutt.

To submit a news tip, send an email to: tips@thestreet.com.

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