Davis Polk is advising Aetna in connection with its approximately $400 million acquisition of bswift. The transaction, which is subject to customary closing conditions and Hart-Scott-Rodino antitrust approval, is expected to close before the end of the year.
Aetna is one of the nation’s leading diversified health care benefits companies, serving an estimated 46 million people with information and resources to help them make better informed decisions about their health care. Based in Chicago, bswift offers software and services that streamline benefits, human resources and payroll administration for employers and exchanges nationwide.
The Davis Polk corporate team includes partners David L. Caplan and H. Oliver Smith and associates Daniel N. Borlack and Shaun Levor. Partner Harry Ballan and associate William A. Curran are providing tax advice. Partner Edmond T. FitzGerald and associate Julia Lapitskaya are providing executive compensation advice. Associates Pritesh P. Shah and Jansen A.S. Thurmer are providing intellectual property advice. All members of the Davis Polk team are based in the New York office.
Source: www.davispolk.com
