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WellCare To Triple Medicare Part D Membership With Purchase Of Aetna Plans

 
• By Cathy Kelly

Divestiture prevents CVS from gaining even more dominance in the stand-alone Medicare Part D sector with its acquisition of Aetna, assuming the transaction is cleared by the government.

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Florida-based insurer WellCare Management Group Inc. has agreed to acquire Aetna Inc.’s stand-alone Medicare Part D plans, which would add 2.2m enrollees to the 1.1m it currently serves in such plans.

The purchase arrangement, disclosed in filings with the Securities and Exchange Commission Sept. 27, may help clear the way for...

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