Aetna Scales Back on Obamacare

August 16, 2016

One of America’s largest health insurers Aetna has lost $200 million in Q2 2016 in Obamacare marketplace, which made the company arrive at the decision to only participate in Obamacare marketplaces in only four states, down from 15. Dig deeper into this event by monitoring the crowd conversations on Sentifi.

Sentifi Top Attentions August 16, 2016

1/ Aetna Inc: Scales back on Obamacare due to loss

Aetna has joined the likes of Humana and UnitedHealth in minimizing its participation in Obamacare marketplaces due to a loss of $200 million in the second quarter of 2016. This makes Anthem and Blue Cross/Blue Shield the remaining two major insurance providers of Obamacare.

2/ Arch Capital Group: Acquires AIG’s United Guaranty for $3.4 billion

AIG agrees to sell its mortgage business to Arch Capital, propelling it to the second place on Sentifi Top Attentions list.
AIG’s headquarters in New York. (Bloomberg News)

In a move that would create the world’s largest private mortgage insurer, Arch Capital said it’s agreed to a $3.4 billion deal to acquire AIG’s mortgage insurance business United Guaranty Corporation. This deal puts an end to speculations that AIG would put the business into an IPO.

3/ Salesforce: Acquires BeyondCore

Salesforce is transforming its software business into something that is much smarter and more predictive. Thus, it is making lots of acquisitions with a focus on machine-learning and data analytics startups. And BeyondCore is its latest acquisition. BeyondCore is an enterprise analytics tool that provides business insights through computational and statistical analysis.

4/ Post Properties: Is about to be bought by MAA for about $4 billion

Real-estate investment trust MAA said it is nearing a deal to buy Post Properties for about $4 billion. The deal is meant to capitalize on the boom in rental demand.

5/ Linde & 6/ Praxair Inc: In merger talks

Merger talks put both Linde and Praxair on Sentifi Top Attention list.
Linde is in merger talks with Praxair. (Heinz-Peter Bader/Reuters)

The Wall Street Journal reported that Linde is in merger talks with industrial gas supplier Praxair Inc. Details on the talks are scarce, and the deal has the potential to fall apart.

7/ Macy’s Inc: The crowd is still talking about its store closing

The crowd is still talking about the decision to close 100 stores of the U.S.’s largest department store. Will this spell doom for other department stores as well? Time will tell.

8/ 888 Holdings and 9/ Rank Group: Receive a rejection from William Hill

888 Holdings and Rank Group made a second, increased offer to William Hill, only to meet with a rejection. William Hill believes the deals undervalue the company.

10/ AIG: Shelfs IPO plan for mortgage insurance business

The original plan of AIG is to stage an IPO for United Guaranty while keeping a majority stake to meet a goal of returning $25 billion to shareholders. But selling the business actually would help AIG meet the goal faster. Thus, it’s agreed to sell the business to Arch Capital for about $3.4 billion.

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