Transaction is subject to customary closing conditions, including Hart-Scott-Rodino anti-trust approval and applicable regulatory approvals in California
Aetna has signed an agreement to acquire Horizon Behavioral Services for approximately $70 million. Horizon is a Lewisville, Texas-based provider of Employee Assistance Programs (EAP) services to mid-sized and large employers.
The transaction is subject to customary closing conditions, including Hart-Scott-Rodino anti-trust approval and applicable regulatory approvals in California.
Aetna would acquire Horizon Behavioral Services from its parent company, Psychiatric Solutions, an operator of owned or leased freestanding psychiatric inpatient facilities.
The company offers 24/7 confidential telephonic consultation, online employee assistance program and work/life resources.
Aetna is a health care benefits company which offers traditional and consumer-directed health insurance products and related services.