Investments
47Portfolio Exits
23Partners & Customers
10Service Providers
2About Aetna
Aetna (NYSE: AET) is a diversified healthcare benefits company. It provides health care services that include medical, pharmacy, dental, behavioral health, group life, disability, and health care management services. The company was founded in 1983 and is based in Hartford, Connecticut.
Want to inform investors similar to Aetna about your company?
Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.
Research containing Aetna
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Aetna in 3 CB Insights research briefs, most recently on Jul 20, 2022.
Latest Aetna News
Oct 2, 2023
News provided by Share this article The updates include more comprehensive and valuable fitness benefits ST. LOUIS PARK, Minn., Oct. 2, 2023 /PRNewswire/ -- Allina Health | Aetna announces valuable updates to its Medicare Advantage (MA) plans for 2024, including a new fitness benefit and additional cost savings for those who qualify for Extra Help. Flexible fitness reimbursement offers choice and new ways to stay healthy The new Allina Health | Aetna Medicare SmartFit (PPO) with a $0 monthly plan premium is designed with prescription drug plan enrollees considering switching to a Medicare Advantage plan in mind. SmartFit will be available in eight metro counties. It will include: Vision, hearing and over-the-counter benefits A $2,550 annual dental allowance A $30 monthly Part B premium reduction, A fitness reimbursement benefit of $1,200 annually that can cover costs for activities like pickleball, golf and swimming, entrance fees for national and state parks, plus fitness supplies, athletic shoes and more, all in addition to SilverSneakers ® fitness and wellness resources, including access to the Apple Fitness+SM service A flexible fitness reimbursement benefit of $360 annually will also be added to the Allina Health | Aetna Medicare Plus (PPO) in 2024 with a $0 monthly plan premium. "Being able to offer a unique benefit, like the flexible fitness reimbursement, allows Allina Health | Aetna to serve our members in a new way," said Britta Orr, Chief Medicare Officer. "Our updated Medicare Advantage plans will save Minnesotans money while connecting them with the programs, products and local support team they need to take care of themselves." New to the Minnesota Medicare market in 2019, Allina Health | Aetna currently serves almost 20,000 members in 21 counties in and around the Twin Cities. That footprint will grow to 22 counties with the addition of Mille Lacs County in 2024. New plan offers expanded money-saving benefits for individuals who qualify for Extra Help In 2024, Allina Health | Aetna will offer a new Allina Health | Aetna Medicare Value (PPO) plan to provide additional value for individuals who qualify for Extra Help, also known as Part D Low-Income Subsidy (LIS). This plan features: A low monthly plan premium A $1,450 annual dental allowance Vision, hearing and SilverSneakers® fitness benefits An over-the-counter allowance of $90 quarterly $0 copays for in-network primary care visits and labs Those with Extra Help may also qualify for: $0 monthly plan premiums $0 on covered Part D drugs An Extra Benefits Card with a $75 quarterly Extra Supports Wallet to help with certain expenses like healthy food, utilities, gas, transportation, personal care items, pet supplies and rent or mortgage The Inflation Reduction Act expanded eligibility for the Extra Help program, qualifying more Medicare beneficiaries for the program in 2024.<1/*> Allina Health | Aetna stands ready to help these individuals take advantage of those benefits. Investment in existing plans offers help with everyday expenses and achieving personal health goals Beyond introducing the Value and SmartFit plans, significant investments were made into plans Allina Health | Aetna Medicare members already enjoy. Highlights include: Lower premiums: Each plan with a monthly plan premium is reducing that premium by $10. Dental, vision and hearing flexible allowances: New for 2024, certain Allina Health | Aetna plans will have a $500 annual Dental, Vision and Hearing Wallet included on the Extra Benefits Card to pay for out-of-pocket dental, vision and hearing costs. This is in addition to other dental, vision or hearing allowances. It will allow members to choose how to spend the $500 based on their needs. Examples could include dental implants, a pair of prescription sunglasses or a more advanced hearing aid. Higher dental allowances on many plans: Dental allowance amounts will increase on many plans for 2024 — by as much as $900 on the Plus plan. All dental allowances continue to cover preventive services as well as comprehensive care for covered services such as dentures, fillings, crowns, root canals and more. Increased dollar amount on Allina Health | Aetna Medicare Payment Card: On the Plus plan, the Allina Health | Aetna Medicare Payment Card includes a Medical Expense Wallet with a $200 quarterly allowance to use toward out-of-pocket medical expenses, such as specialist copays or an inpatient hospital stay. Enhancements to the Eagle plan: The Allina Health | Aetna Medicare Eagle (PPO) will continue to be a great option offering additional benefits for veterans or individuals who already have prescription drug coverage. For 2024, the Part B premium reduction will more than double to $100 monthly and all outpatient mental health copays will be reduced to $20. Competitive prescription drug benefits: In 2024, Allina Health | Aetna plans with prescription drug coverage will continue to offer $0 deductible on Tier 1 and Tier 2 drugs, $0 copays for Tier 1 drugs at preferred network pharmacies, 100-day supplies at no added cost and Tier 1/Tier 2 coverage through the coverage gap ("donut hole"). Allina Health | Aetna is also providing more value to its members on all plans with $0 colonoscopies, $0 continuous glucose monitors and supplies, non-Medicare covered podiatry benefits and 14 freshly prepared (not frozen) precooked meals delivered to their home upon discharge from an inpatient hospital stay or skilled nursing facility. Local customer service offers a personal touch close to home Allina Health | Aetna continues to grow its Minnesota-based customer service presence, including a local team of Medicare Member Advocates. They can meet with members virtually, by phone or face-to-face to answer any questions or to help them navigate complex needs. Allina Health | Aetna welcomes these close connections, and the team considers it their mission to treat each and every member like they would their own family. Visit the Allina Health | Aetna Medicare website for more information about the 2024 Medicare Advantage plans or call <1-833-874-8527 (TTY: 711) 8 AM to 8 PM, seven days a week>. Current members can schedule a one-on-one meeting with a Member Advocate online via their secure member portal or call Member Services at <1-833-570-6671 (TTY: 711)> with questions about their 2024 benefits. The Medicare Annual Enrollment Period runs from October 15 through December 7, 2023. A licensed agent may answer your call. About Allina Health | Aetna Allina Health | Aetna is a unique health plan owned by Allina Health and Aetna®, a CVS Health® company. Allina Health | Aetna delivers empowered health insurance solutions that coordinate quality coverage and care around the needs of each member. We do this through health plans that connect Minnesota's best doctors,* specialists* and care facilities* to the coverage and benefits they need in order to provide the most effective care. * The result is an easier, more accessible and more valuable health insurance solution for Minnesotans. Learn more at < allinahealthaetna.com > and follow us on LinkedIn and Facebook . *FOR BEST CARE FACILITIES SOURCE: U.S. News & World Report. Best Hospitals in Minneapolis-St. Paul, MN . Accessed September 28, 2023. Allina Health | Aetna Medicare is a PPO plan with a Medicare contract. Enrollment in our plans depends on contract renewal. Plan features and availability may vary by service area. The Allina Health | Aetna Medicare pharmacy network includes limited lower cost preferred pharmacies in: Suburban Arizona, Rural California, Urban Kansas, Rural Michigan, Suburban Michigan, Urban Michigan, Urban Missouri, Rural North Dakota, Suburban Utah, Suburban West Virginia, Suburban Wyoming. The lower costs advertised in our plan materials for these pharmacies may not be available at the pharmacy you use. For up-to-date information about our network pharmacies, including whether there are any lower-cost preferred pharmacies in your area, members please call the number on your ID card, non-members please call 1-833-258-3134 ( TTY: 711 ) or consult the online pharmacy directory at www.allinahealthaetnamedicare.com/pharmacyhelp . The formulary may change at any time. You will receive notice when necessary. Participating health care providers are independent contractors and are neither agents nor employees of Allina Health | Aetna. The availability of any particular provider cannot be guaranteed, and provider network composition is subject to change. SilverSneakers is a registered trademark of Tivity Health, Inc. © 2023 Tivity Health, Inc. All rights reserved. Apple Fitness+ is a trademark of Apple Inc., registered in the U.S. and other countries. Y0130_36641_2024_M Media Contact: Amy Adamle
Aetna Investments
47 Investments
Aetna has made 47 investments. Their latest investment was in Vericare Management as part of their Series B - II on November 11, 2007.
Aetna Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/6/2007 | Series B - II | Vericare Management | $9.5M | Yes | 1 | |
6/11/2007 | Series B | Healthline Media | $21M | Yes | 2 | |
4/10/2007 | Series B | Premise | $6.3M | Yes | ||
4/11/2001 | Unattributed VC | |||||
8/17/1999 | Corporate Minority |
Date | 11/6/2007 | 6/11/2007 | 4/10/2007 | 4/11/2001 | 8/17/1999 |
|---|---|---|---|---|---|
Round | Series B - II | Series B | Series B | Unattributed VC | Corporate Minority |
Company | Vericare Management | Healthline Media | Premise | ||
Amount | $9.5M | $21M | $6.3M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 2 |
Aetna Portfolio Exits
23 Portfolio Exits
Aetna has 23 portfolio exits. Their latest portfolio exit was Bswift on October 03, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
10/3/2022 | Acq - Fin | 1 | |||
4/5/2022 | Acquired - II | 1 | |||
3/24/2022 | Divestiture | Aetna - Thailand | 1 | ||
Date | 10/3/2022 | 4/5/2022 | 3/24/2022 | ||
|---|---|---|---|---|---|
Exit | Acq - Fin | Acquired - II | Divestiture | ||
Companies | Aetna - Thailand | ||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 1 |
Aetna Acquisitions
22 Acquisitions
Aetna acquired 22 companies. Their latest acquisition was Bupa - Thailand Division on July 25, 2017.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
7/25/2017 | Acquired Unit | 1 | ||||
11/4/2014 | Private Equity | $51M | Acquired | 2 | ||
4/23/2014 | Private Equity | Acquired | 2 | |||
5/8/2013 | ||||||
10/24/2011 |
Date | 7/25/2017 | 11/4/2014 | 4/23/2014 | 5/8/2013 | 10/24/2011 |
|---|---|---|---|---|---|
Investment Stage | Private Equity | Private Equity | |||
Companies | |||||
Valuation | |||||
Total Funding | $51M | ||||
Note | Acquired Unit | Acquired | Acquired | ||
Sources | 1 | 2 | 2 |
Aetna Partners & Customers
10 Partners and customers
Aetna has 10 strategic partners and customers. Aetna recently partnered with Oshi Health on April 4, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
4/7/2023 | Partner | United States | Aetna partners with gastrointestinal care company Oshi Health The company has since announced partnerships with care coordination company Quantum Health , virtual care company Firefly Health and digital health marketplace Solera Health . | 2 | |
3/20/2023 | Partner | United States | The new partnership does not include Medicare or Medicaid members . | 1 | |
2/24/2023 | Partner | United States | Aetna and Cleveland Clinic have partnered to deliver a co-branded insurance plan , delivering a cost-effective offering beyond Aetna 's typical broad . | 1 | |
2/7/2023 | Client | ||||
1/4/2023 | Client |
Date | 4/7/2023 | 3/20/2023 | 2/24/2023 | 2/7/2023 | 1/4/2023 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Client | Client |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | Aetna partners with gastrointestinal care company Oshi Health The company has since announced partnerships with care coordination company Quantum Health , virtual care company Firefly Health and digital health marketplace Solera Health . | The new partnership does not include Medicare or Medicaid members . | Aetna and Cleveland Clinic have partnered to deliver a co-branded insurance plan , delivering a cost-effective offering beyond Aetna 's typical broad . | ||
Sources | 2 | 1 | 1 |
Aetna Service Providers
2 Service Providers
Aetna has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acq - P2P | Investment Bank | Financial Advisor | |
Service Provider | ||
|---|---|---|
Associated Rounds | Acq - P2P | |
Provider Type | Investment Bank | |
Service Type | Financial Advisor |
Partnership data by VentureSource
Aetna Team
110 Team Members
Aetna has 110 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Gerald Greenwald | Founder | Current | |
Name | Gerald Greenwald | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
Compare Aetna to Competitors
Kaiser Permanente is committed to helping shape the future of health care. The company is recognized as one of America's leading health care providers and not-for-profit health plans. Founded in 1945, its mission is to provide high-quality, affordable health care services and to improve the health of our members and the communities served. Care for members and patients is focused on their total health and guided by their personal physicians, specialists and team of caregivers.
RxBenefits is a pharmacy benefits administration company, focused on employee benefit consultants and their mid-market, self-insured clients.
Quantum Health is a care coordination and consumer navigation company that aims to deliver an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings.
HealthPartners is a consumer-governed, non-profit health care organization dedicated to improving health and well-being in partnership with members, patients and the community. The organization provides a full-range of health care delivery and health plan services including insurance, administration and health and well-being programs. The company has developed Virtuwell, a 24/7 online clinic designed to deliver a refreshingly simple and affordable health care experience.
Collective Health provides health insurance, health benefits, and integrated third-party administration and navigation solutions. It offers an integrated software platform for employers to allow them to administer benefits plans and optimize investment all in one place. The company was founded in 2013 and is based in San Francisco, California.
Surest delivers a condition-first health plan design that creates an intuitive fit between people’s health insurance and the way they actually use health care. Users can see their treatment options, compare costs, choose the most cost-effective pathway, and can add coverage as needs change. It was formerly known as Bind Benefits and Bind On-Demand Health Insurance. The firm was founded in 2016 and is based in Minneapolis, Minnesota.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.
