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(Reuters) -U.S. health insurer Cigna is in talks to merge with peer Humana, a source familiar with the matter said on Wednesday, a deal that could exceed $60 billion in value and would be certain ...
Megadeal, take two. In 2015, Cigna made a bid for Humana, which it ultimately lost to Aetna ().But the potential Aetna-Humana merger failed when federal judges intervened on the basis of antitrust ...
Humana pulled out of the acquisition after United stock dropped $2.9 billion in value. [9] In 2001, Humana was a cofounder of Avality. [10] In 2005, Humana entered into a business partnership with Virgin Group, offering financial incentives to members for healthy behavior, such as regular exercise. [11]
Cigna Not Pursuing Humana Merger, Stock Soars. Vandana Singh. November 11, 2024 at 10:28 AM. Cigna Not Pursuing Humana Merger, Stock Soars.
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
U.S. health insurers Cigna and Humana are in talks to merge, a potential deal likely to face aggressive scrutiny from the U.S. Justice Department (DOJ) if antitrust history with similarly sized ...
In 2011, Broussard became president of Humana and in 2013, was promoted to CEO, succeeding Michael B. McCallister. Under Broussard's tenure, Humana's revenue grew to $92.9 billion in 2022 from $39.1 billion in 2012 and its net income doubled to $2.8 billion. Its stock price increased from $63 to over $500. [15]
Cigna stock popped on Monday, rising as much as 16%, following a report from the Wall Street Journal that said the company had abandoned efforts to merge with rival Humana while announcing plans ...