Did Aetna buy out Coventry?

Did Aetna buy out Coventry?

Aetna acquires managed health care company Coventry Health Care for $8.7 billion. Clients Aetna Inc. … The acquisition is projected to add nearly 4 million medical members and 1.5 million Medicare Part D members to Aetna’s membership, and increase Aetna’s share of revenues from Government business to over 30 percent.