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Aetna aims to spend about $35 billion to buy rival Humana and become the latest health insurer bulking up on government business as the industry adjusts to the federal health care overhaul.
The proposed cash-and-stock deal, announced early Friday, would make Aetna a sizable player in the rapidly growing Medicare Advantage business, which offers privately run versions of the federally funded health care program for seniors and some people with disabilities.
The combination also would bolster Aetna’s presence in the state- and federally funded Medicaid program and Tricare coverage for military personnel and their families.
ON THE MOVE
Honolulu Cookie Co. has announced the following:
» Ahmad Yu is vice president of operations. He brings 30 years of experience in food manufacturing and processing to Honolulu Cookie Co.
» Herman Tam is vice president of marketing. He has more than 20 years of marketing experience in Fortune 500 and middle-market environments.
Accuity has promoted Ryan Horiuchi and Sean Nakamura to senior managers from managers. They have been with the company since 2006.
Jon Chadwick has been named general manager of the Honolulu Coffee Experience Center, slated to open late summer 2015. He is responsible for HCEC’s overall management, including a coffee-themed gift shop, indoor/outdoor piazza-style cafe and the multifaceted Kona Coffee Experience Tour. Prior to managing HCEC, Chadwick assisted Honolulu Coffee with opening cafe shops in Shanghai and served as an in-room dining manager at the Halekulani hotel, assistant restaurant manager of House Without a Key, dinner manager of Orchids and dinner manager of Palomino Restaurant in Honolulu.
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