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HEALTHCARE | Healthcare Plans

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Founded Year



Acquired Unit | Acquired



About Prudential HealthCare

Prudential HealthCare is comprised of Prudential's HMO, preferred-provider organization, indemnity health, and dental lines.

Prudential HealthCare Headquarter Location

751 Broad Street

Newark, New Jersey, 07102,

United States

Latest Prudential HealthCare News

Aetna Acquires Prudential Healthcare - tribunedigital-thecourant

Nov 28, 2016

Deal Makes Aetna A Top Dental Insurer August 07, 1999|By DIANE LEVICK; Courant Staff Writer Aetna completed its much-contested $1 billion acquisition of Prudential HealthCare Friday, gaining power in key markets and sealing its position as the nation's largest health insurer with 21 million members. The merger also makes Aetna one of the leading providers of dental benefits, with about 16 million dental members. In a separate announcement, Aetna denied rumors on the Internet that it was planning to buy Norwalk-based Oxford Health Plans. ``We would reiterate that our current strategy is to focus on the closing of our Prudential acquisition and its subsequent integration,'' Aetna said. Oxford said it doesn't comment on rumors. After months of opposition by physicians' groups and concessions to federal antitrust officials, Aetna received final state regulatory approvals Friday to acquire Prudential HealthCare. Regulators in New Jersey, where the American Medical Association had challenged the deal, retained the power to force Aetna to divest some of its business there in the future. New Jersey's health and insurance commissioners set conditions to protect consumers and doctors, such as requiring Aetna to keep at least 90 percent of the current Prudential physicians in its network for three years. Aetna and Prudential will start combining their operations, a move they previously said would reduce annual expenses by $130 million to $150 million, after taxes, within about two years of the closing. Aetna had said 1,000 to 2,000 jobs could be cut, though there would be little if any effect on Connecticut. The company was unable to provide any update Friday. Doctors have complained the merger will give Aetna too much market-share in some regions, jeopardizing competition and giving the company undue power over physicians. Aetna had to agree recently to sell some of its commercial HMO operations in Texas in order to get U.S. Justice Department approval for the Prudential deal. The merger will add to earnings this year, Aetna said. During a transition, the company will use a new logo for some of its business: ``Prudential HealthCare, a member company of Aetna U.S. Healthcare.'' MORE:

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