Aetna to Add BroadSpire Disability Segment for $160 Million
March 13, 2006 Aetna to Add BroadSpire Disability Segment for $160 MillionOn February 27, 2006, Aetna announced an agreement to acquire privately-held Broadspire's disability segment for $160 million. The cash purchase is expected to close during the second quarter 2006. The acquisition nearly doubles Aetna's disability membership to 5 million. It will add 1.3 million short-term disability members to Aetna's 1.1 million, and 1 million long-term disability members to Aetna's 1.5 million. Broadspire's disability services will be integrated into Aetna's. Aetna provides approximately 27.9 million members with . . .
