Travelers to Buy U.S. Behavioral Health: Travelers...
Travelers to Buy U.S. Behavioral Health: Travelers Corp. said it intends to buy U.S. Behavioral Health of Emeryville, a provider of managed mental health and substance abuse services for employers and insurers. Travelers, a Hartford, Conn.-based insurer, said the acquisition will strengthen its ability to help its customers control the cost of providing mental health and substance abuse benefits to their employees. The transaction is subject to regulatory approvals and negotiation of a definitive purchase agreement, Travelers said. Neither company would disclose financial terms.
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