National health insurer Aetna this week announced its formal acquisition of Medicity, a health information exchange technology company from Salt Lake City. The move is seen by many as a proactive approach to meeting health care reform requirements.

The deal between Hartford, Conn.-based Aetna and Medicity was announced Dec. 7, 2010. Aetna confirmed it would cost approximately $500 million to buy Medicity, which will operate as a separate business within Aetna. Medicity’s existing management will remain, report the companies.

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