Aetna’s $500M Medicity deal done

Hartford managed care provider Aetna Inc.’s $500 million purchase of Utah health information technology firm Medicity is complete, Aetna said Monday.

Aetna has said the deal, announced Dec. 7, will speed up its growth in health information technology and exchanges and will be neutral to next year’s financial results.

Aetna is the third largest commercial health insurer based on enrollment. Health insurance is its main product, but Aetna also sells dental, group life and disability coverage.

Medicity is based in Salt Lake City, and its health information exchange technology reaches more than 760 hospitals and 125,000 doctors.