Health Business Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
A.M. Best Co.
A.M. Best Comments on Humana Inc.'s Proposed Acquisition of Cariten Healthcare
August 22nd, 2008
A.M. Best Co. has commented that the financial strength ratings, issuer credit ratings and debt ratings of Humana Inc. (Humana) (Louisville, KY) (NYSE: HUM) and its insurance and health maintenance organization (HMO) subsidiaries remain unchanged. The outlook for the majority of the ratings is stable. This comment follows the announcement that Humana has entered into a definitive agreement to acquire PHP Companies, Inc. (d/b/a Cariten Healthcare), a privately held for profit health benefits company based in Knoxville, TN. Humana plans to acquire Cariten Healthcare for approximately $245 million in cash. The transaction is expected to close in fourth quarter 2008. ...
Source: Health Business Week (2008-08-22)
|
