Deals
WellPoint, UnitedHealth, Aetna Said to Weigh Deal for XLHealth
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WellPoint Inc., UnitedHealth Group Inc. and Aetna Inc. are weighing bids for XLHealth Corp., a provider of managed care for chronically ill Medicare members, said people familiar with the matter.
Offers for XLHealth, owned by MatlinPatterson Global Advisers, may value the company at $1.5 billion to $2 billion, said the people, who declined to be identified because the discussions are private. Jefferies Group Inc. is running the sale process, which has lasted a few months, the people said. A deal may be announced in the coming weeks, they said.