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UnitedHealth's Optum To Buy Davita Medical Group For About $4.9 Bln In Cash

Wednesday, 6 Dec 2017

Dec 6 (Reuters) - UnitedHealth Group Inc ::DAVITA MEDICAL GROUP TO JOIN OPTUM.OPTUM - ‍AGREEMENT, ENTERED INTO ON DECEMBER 5, 2017, CALLS FOR OPTUM TO ACQUIRE DAVITA MEDICAL GROUP FOR APPROXIMATELY $4.9 BILLION IN CASH​.OPTUM - FOLLOWING TRANSACTION, DAVITA MEDICAL GROUP WILL BECOME PART OF OPTUM'S OPTUMCARE DIVISION.OPTUM - ‍DAVITA PLANS TO USE PROCEEDS FROM DEAL FOR SIGNIFICANT STOCK REPURCHASES OVER 1 TO 2 YRS AFTER CLOSE OF DEAL, AS WELL AS TO REPAY DEBT​, OTHERS.OPTUM - ‍JOE MELLO, COO OF DAVITA MEDICAL GROUP, WILL CONTINUE IN LEADERSHIP ROLE IN COMBINED ENTITY, AS WILL DAVITA MEDICAL GROUP LEADERSHIP TEAM​.

IBM elects Joseph Swedish and Frederick Waddell to Board of Directors​

Monday, 30 Oct 2017

Oct 30 (Reuters) - International Business Machines Corp ::IBM elects two new members to its Board of Directors.IBM - ‍Board of Directors today elected Joseph R. Swedish and Frederick H. Waddell to Board​.IBM says ‍IBM Board now has a total of 15 members​.IBM - ‍Joseph R. Swedish is Chairman, President and Chief Executive Officer of Anthem​.IBM - ‍Frederick H. Waddell is Chairman and Chief Executive Officer of Northern Trust Corporation​.

The Hartford to acquire Aetna's U.S. group life and disability business

Monday, 23 Oct 2017

Oct 23 (Reuters) - Aetna Inc :The Hartford signs agreement to acquire Aetna’S U.S. group life and disability business.Aetna Inc - deal for $1.45 billion​.Aetna - ‍projects impact of deal to 2017 earnings per share to be immaterial given timing of transaction, slightly dilutive to 2018 earnings per share.Aetna Inc - ‍acquisition will be accretive to Hartford's earnings in 2018​.Aetna Inc - ‍acquisition will be funded by Hartford by dividends from its insurance subsidiaries and holding company resources​.Aetna Inc - ‍Hartford does not intend to issue debt or equity in order to fund cash consideration for acquisition​.Aetna Inc - ‍Hartford does not currently expect to authorize an equity repurchase plan for 2018​.

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