Business
Aetna buys disability company
NEWS IN BRIEF — Posted March 20, 2006
Aetna is expanding its integrated health and disability coverage by acquiring Plantation, Fla.-based Broadspire, a provider of disability and casualty claim management services, for about $160 million.
Broadspire is a contractor that handles short-term and long-term disability and leave management for employers. The acquisition nearly doubles Aetna's disability membership. Aetna said it will pay for the transaction from existing cash and expects the deal to close during spring 2006.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2006/03/20/bibf0320.htm.
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