Hartford managed care provider Aetna Inc. said Tuesday it has completed its $600 million deal to purchase Prodigy Health Group.
The privately held Prodigy administers self-funded health plans for small- to mid-size companies with between 100 and 5,000 employees. In self-funded plans, the employer pays the claims and assumes the risk.
The New York-based company operates in 15 states and has about 600,000 medical members.
The transaction was announced on April 28. Â Prodigy Health Group will maintain its current management and operating structure and compete under its own brands.
