Aetna Inc. is ending 2005 by insourcing 2 major specialty health operations.[@@]
Aetna, Hartford, has completed acquiring a big behavioral health operation from Magellan Health Services Inc., Farmington, Conn.
Aetna also has completed a transaction that gives it 100% ownership of a specialty pharmacy joint venture that was launched in 2004. Aetna bought a 60% stake in the venture from a company that is now a unit of Express Scripts Inc., St. Louis, a large pharmacy benefits manager.
Aetna says it will start a full-service behavioral health business Jan. 1, 2006. The business will have about 11 million plan members, Aetna says.