October 5, 2018

Around the Nation: Aetna CEO Mark Bertolini intends to resign after CVS Health merger

Daily Briefing

    The deal is still awaiting federal and state approval, in today's bite-sized hospital and health industry news from Connecticut, Minnesota, and North Carolina.

    • Connecticut: Aetna executives during a Connecticut Insurance Department hearing on Thursday announced Mark Bertolini would resign as CEO and join CVS Health's board of director after the proposed $69 billion merger with CVS closes. The deal is awaiting federal and state approval. Aetna President Karen Lynch, who would also serve as executive VP of CVS Health, will succeed Bertolini as Aetna's top executive. Larry Merlo, president and CEO of CVS Health, would also serve as CEO of the combined company (Morse, Healthcare Finance, 10/4).

    • Minnesota: Fairview Range has named Patrick Sharp as president and CEO. Sharp has been serving as interim president and CEO since January and has previously served as Fairview's SVP and COO (Vaidya, Becker's Hospital Review, 10/3).

    • North Carolina: Johnson County Hams has recalled just over 89,000 pounds of ham after four listeria illnesses resulting in one death have been linked to the ham products made by the company. According to the CDC, about 1,600 people each year get listeria, which can manifest itself with fever, muscle aches, headache, stiff neck, and confusion (Neal, Sacramento Bee, 10/3).

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