The purpose of the Hearing is to address the application reviewed by the Delaware Department of Insurance, pursuant to 18 Del. C. Â§5003 regarding the proposed Acquisition of Control of COVENTRY HEALTH CARE OF DELAWARE, INC., a Delaware domiciled insurer (â€œDomestic Insurerâ€) by AETNA, INC., a Pennsylvania corporation.
The Domestic Insurer is a direct wholly-owned subsidiary of, and controlled by, Coventry Health Care, Inc. (â€œCoventryâ€). Coventry is a publicly traded Delaware holding company for various insurance companies, health maintenance and dental maintenance organizations and related organizations. The Domestic Insurer maintains its main administrative office and principal business at 750 Prides Crossing, Newark, DE 19713. The Applicant proposes to acquire control of the Domestic Insurer in connection with its acquisition of Coventry through a merger of Coventry with a direct wholly-owned subsidiary of Aetna established specifically for this transaction (â€œTransactionâ€). As a result of the Transaction, Coventry (the surviving entity) will become a direct wholly-owned subsidiary of Aetna. The docket number assigned to this Hearing is 2144-2013. The Hearing will be conducted in accordance with the Delaware Administrative Procedures Act, 29 Del. C. Chapter 101
841 Silver Lake Blvd
Dover DE 19904
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