January 30, 2018 / 11:44 AM / 4 months ago

Health insurer Aetna quarterly profit soars 75.5 percent

(Reuters) - Aetna Inc (AET.N), which has agreed to be bought by CVS Health Inc (CVS.N), reported a 75.5 percent rise in quarterly profit on Tuesday, due to lower restructuring and transaction and integration-related costs.

A logo of Aetna is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson

U.S. drugstore operator CVS agreed in December to acquire Aetna for $69 billion seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies.

    Net income attributable to Aetna rose to $244 million, or 74 cents per share, in the fourth quarter ended Dec. 31, from $139 million, or 39 cents per share, a year earlier.

    Reporting by Ankur Banerjee in Bengaluru; Editing by Martina D'Couto

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