Aetna to Acquire PayFlex for $202M

Aetna AET today announced that it has entered into an agreement to acquire PayFlex Holdings, Inc. The purchase price is approximately $202 million. Aetna expects to finance the acquisition with available resources. The transaction is subject to customary closing conditions, including Hart-Scott-Rodino antitrust regulatory approval. The transaction is expected to close in the second half of 2011 and to be neutral to Aetna's financial results in 2011 and 2012.