Modern Healthcare - - NEWS MAKERS -

Gary Love­man, Aetna has hired for­mer CEO of the fail­ing casino em­pire Cae­sars En­ter­tain­ment Corp., to be­come pres­i­dent of Healtha­gen, Aetna’s health ser­vices and con­sult­ing arm.

The ad­di­tion of Love­man to Aetna’s ex­ec­u­tive team marks another step in Aetna’s pur­suit to ex­pand its Healtha­gen brand. Healtha­gen works with doc­tors, hos­pi­tals, health sys­tems and other in­sur­ers to change how they are paid and de­liver care.

Love­man, 55, an economist by train­ing and a for­mer Har­vard Univer­sity pro­fes­sor, had been CEO of Cae­sars for 12 years be­fore re­sign­ing in July. He built the com­pany into one of the world’s largest casino con­glom­er­ates, but since the fi­nan­cial cri­sis of 2008, Cae­sars has hem­or­rhaged bil­lions in losses. In 2014, it lost $2.8 bil­lion on rev­enue of $8.5 bil­lion and has lost $8.8 bil­lion over the past five years. Its largest sub­sidiary filed for bank­ruptcy this year.


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