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Aetna-Coventry signals Health Net, WellCare takeovers
San Francisco Chronicle

With takeovers of managed care providers exceeding $14 billion in less than a year, Health Net Inc. and WellCare Health Plans Inc. are among the last remaining targets as aging baby boomers and the new health-care law boost demand. Aetna Inc. said this week it will expand further into plans administering Medicare and Medicaid with a $5.6 billion purchase of Coventry Health Care Inc., the biggest takeover of a U.S. health maintenance organization since 2005, according to data compiled by Bloomberg.