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Aetna hires former Caesars Entertainment CEO Gary Loveman

UNLV Foundation Annual Dinner

Leila Navidi

Caesars chairman, CEO and president Gary Loveman accepts the Palladium Society Award on behalf of Caesars Foundation and Caesars Entertainment during the UNLV Foundation Annual Dinner at the Bellagio in Las Vegas on Tuesday, October 9, 2012.

The former CEO of casino company Caesars Entertainment Corp. is joining health insurer Aetna.

The Hartford, Conn.-based company announced Wednesday that Gary Loveman would be an Aetna executive vice president and president of the company's Healthagen health services organization.

Loveman gave up his CEO title at Caesars in July but is still the company's chairman overseeing the bankruptcy of its largest operating unit. Caesars Entertainment Operating Co. filed bankruptcy in January to shed some of its $18.4 billion in debt, the lingering result of a debt-heavy 2008 buyout.

Caesars spokeswoman Jan Jones Blackhurst confirms Loveman will remain Caesars' chairman.

In the same announcement, Aetna says it also hired Rick Jelinek, a partner from private equity firm Advent International and former CEO of OptumHealth, to integrate Aetna and recently acquired Humana.

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