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HomeBlogThe latest info on talks between Trinity Healthcare and Aetna Insurance

The latest info on talks between Trinity Healthcare and Aetna Insurance

Aetna has agreed to cover medical care at Trinity Health hospitals and clinics in the state of California, according to reports. This comes after the two companies announced their intention to merge in 2016. If the deal goes through, Aetna would become the largest commercial insurance carrier in the US.

Aetna Health Inc., based in Connecticut, has been working to expand its business in the cannabis industry after buying a majority stake in a Colorado-based company that operates two medical marijuana dispensaries. The company announced Monday that it plans to use that purchase as a way to enter other states where recreational pot is legal.

Trinity Health

Trinity Health, headquartered in California, is one of several health care companies operating throughout the United States that have started offering services related to the legalization of cannabis. In addition to providing physical locations where people can buy marijuana products, Trinity has begun marketing itself as a provider of cannabis education and consulting services.

Both companies said they are open to working together. “We believe this partnership will offer patients access to innovative medicine while supporting healthcare providers who want to provide compassionate care,” said Trina Hughes, chief executive officer at Trinity’s medical division.

Aetna CEO Mark Bartolini said his insurer wanted to help customers get better medicines but didn’t want to lose money from doing so. The latest info on talks between Trinity Healthcare and Aetna Insurance.

Trinity Planning

Trinity is planning to add 25 clinics to Aetna, and Aetna wants to sell some insurance policies through Trinity. But both companies say they don’t plan to compete in each others’ markets. The deal could take about 18 months to complete, depending on regulatory approvals.

The purchase price was not disclosed, although many analysts speculated that it might exceed $10 million.

The deal marks the second time in less than a year that an insurer acquire a major stake in a cannabis company. In November, Liberty Mutual invested in Canopy Growth Corp., a publicly traded Canadian maker of marijuana products.

That investment came only months before Massachusetts voters approved recreational marijuana, giving them the green light to start selling pot there. The latest info on talks between Trinity Healthcare and Aetna Insurance.

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