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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: JM who wrote (605)	2/2/1998 1:14:00 PM
From: M.A. Miller	Respond to of 4155

First, CNC purchase of Oxford doesn't make sense just from the news reports. Its Aetna buying Oxford and CNC possible bidding on Aetna life unit. I don't see any report that would give any hint that CNC is interested in Oxford. Did you come across something that did? Second, I don't think it is part of CNC's business plan to acquire a managed care company. They want to get bigger in life, annuities, long term care, specified disease coverage, but the managed care business has always been ancillary to the acquisitions and never spoken of as a core strategy. Of course, if CNC thinks Oxford is profitable they could buy it, but it doesn't fit in with the economies of scale that CNC has created, while it appears to be an ideal acquisition by Aetna (ie..fits into their business strategy). Best of luck.