WellCare Health Plans, Inc. (NYSE:WCG) entered into an agreement to acquire Missouri Care, Inc. from Aetna Health Holdings, LLC on January 22, 2013. Pamela Johnson, Chief Executive Officer of Missouri Care, and the employees will join WellCare. The sale of Missouri Care is related to Aetna's proposed acquisition of Coventry Health Care, Inc. The transaction is subject to regulatory approvals and certain other closing conditions.

The deal is expected to close in next 90 days. David L. Caplan, H. Oliver Smith, Lee Hochbaum, Evan Rosen, John T. Wright, Julia Lapitskaya, Partner Harry Ballan, William A. Curran, and Randy Samson of Davis Polk & Wardwell acted as legal advisors for Aetna.