Big Law

U.S. Health Insurers Cigna and Humana Are Reportedly in Talks to Merge

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 to attract fierce antitrust scrutiny.

The discussions come six years after regulators blocked mega-deals that would have consolidated the U.S. health insurance sector.

After U.S. courts upheld antitrust challenges in 2017, Cigna gave up on a $48 billion deal to acquire Anthem — now known as Elevance Health. Losing the legal battle also caused Aetna — now owned by pharmacy chain operator CVS Health — to abandon a $37 billion deal to acquire Humana.

Read the source article at Yahoo Finance

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