Aetna Inc., Hartford, Conn., would have a combined $9.6 billion in retirement assets following its acquisition Monday of Coventry Health Care Inc., Bethesda, Md.
The transaction is valued at $7.3 billion, according to an Aetna news release.
Aetna had $5.3 billion in defined benefit plan assets as of Dec. 31, according to its most recent 10-K filing, and $3.6 billion in defined contribution plan assets as of Sept. 30, according to data submitted to Pensions & Investments. Coventry had $699 million in defined contribution plan assets as of Dec. 31, according to its most recent 11-K filing.
Coventry Health Care spokeswoman Kristine Grow said there have been no discussions regarding retirement plans. A phone call to Aetna spokeswoman Jill Griffiths was not returned by press time.
