Health Dialog announced BUPA will purchase the company for $775 million and is expecting to be completed in January.
The board of MBF Australia Ltd., Australia’s second-largest private health insurer, has recommended a $2.4 billion (AUD) cash offer by BUPA Australia to its governing council.
Munich Re announced on December 17th that it has agreed to acquire Aon Corporation’s subsidiary, Sterling Life Insurance Company for $352 million. The company will be acquired by Munich Re’s subsidiary, Munich-American Holding Corporation.
Average health
plan stock prices increased 3.6% for the month
of December. All valuation indicators
increased. With no health plans reporting
earnings last month, it is reasonable to assume
the 3.6% increase in stock price was driven by
improved investor sentiment. The broader
market, measured by the S&P 500, decreased
0.9%.
Aetna announced that it has completed a public offering of its 6.75% Senior Notes due in 2037 for $700 million. Health Net, Inc. announced that it had secured $175 million in new debt under a financing facility from a non-U.S. bank.
Aetna announced on December 18th that Timothy A. Holt, Senior Vice President and Chief Investment Officer will retire in the first quarter of 2008. AvMed Health Plans revealed that President and CEO Doug Cueny has announced plans to retire, effective December 31, 2007. Thomas Wise was appointed as President and CEO of Centene’s Texas subsidiary, Superior HealthPlan. Humana Inc. announced that Leslie Andrews will serve as the Regional Vice President of Sales for the Small Business Segment in the Western Region. Effective February 25, 2008, WellPoint, Inc. appointed John Langenus to Senior Vice President and President and CEO of Anthem National Accounts division.
Bravo Health announced on December 4th, that its Medicare Advantage and prescription drug plan membership has nearly doubled in the past year and now exceeds 100,000 members. CareSource, Ohio’s largest Medicaid HMO in Ohio, announced on December 4th that it has finalized the purchase of Michigan managed care plan Community Choice Michigan.
Features upcoming earning announcements as of January 2, 2008.
In this month’s analysis, we endeavor to estimate the control premiums that would be justified by the economies of scale in the case of business combinations involving each of the publicly traded companies.
Adobe Acrobat Reader is required to view all of Sherlock Company's publications online. The program can be downloaded, free of charge at www.adobe.com.
Home | SEER Forums | Analyses | Site Index | Tools | Contact Us
© 1997-2012 Sherlock Company. All Rights Reserved. Legal Information