29 JunAetna enters contract to acquire account-based health plan administrator.

The purchase is subject to customary closing circumstances, including Hart-Scott-Rodino antitrust regulatory acceptance. The transaction is likely to close in the next half of 2011 also to end up being neutral to Aetna’s financial outcomes in 2011 and 2012. ‘This acquisition fits well with Aetna’s primary business, which has a strong concentrate on consumer-directed product offerings,’ said Tag T. Bertolini, chairman, CEO and president. ‘With an increased concentrate on consumerism, the acquisition of PayFlex will lengthen Aetna’s capability to provide people with flexible, customized, easy-to-use solutions and tools to raised manage their health care expenses.’ Joseph M. Zubretsky, senior executive vice president and CFO, added, ‘This acquisition will considerably strengthen Aetna’s existing Customer Fund Services business and we believe it includes potentially attractive returns over time.Added Weinstein: ‘From heated Facebook discussions about Obama’s retreat on global AIDS to e-letter promotions targeting BMS on drug-pricing and Pelosi on her behalf silence on the AIDS drug crisis, AHF’s network is certainly continuing to level the playing-field. It really is like having a global army of advocates committed to bringing to the interest of authorities and corporate leaders the many urgent problems in the AIDS fight today. We would like to thank our more than 100,000 online supporters for signing up for AHF in the fight to increase usage of lifesaving HIV/Helps treatment and prevention programs in the U.S.