Though he did not mention the deal directly, Cigna CEO David Cordani appeared to dismiss rumors of reignited merger talks with Humana and said the company was focused on share buybacks.
M&A
UnitedHealth Group representatives are set to meet with Justice Department officials to make the case for its acquisition of Amedisys to be approved, Bloomberg reported Oct. 25.
Wall Street analysts say a potential Cigna-Humana merger depends on the results of the presidential election, Bloomberg reported Oct. 21.
Cigna and Humana have renewed talks of a potential merger, Bloomberg reported Oct. 18.
Elevance Health's health services arm, Carelon, intends to purchase Nashville-based CareBridge, a value-based home and community-based care provider for patients with chronic and complex needs.
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Elevance Health sold Miami-based Pasteur Medical Centers and Wellmax Medical Centers to Las Mercedes Medical Centers, which is also headquartered in Miami.
From Centene completing the sale of another subsidiary, to IU Health announcing plans to sell its health plan to Elevance Health's Anthem Blue Cross and Blue Shield, here are five payer M&A updates Becker's has reported since Sept. 6.
Centene has completed the sale of Collaborative Health Systems to Astrana Health.
Florida's insurance commissioner has given the green light for Health Care Service Corp. to purchase Cigna's Medicare business in the state.
Indianapolis-based Indiana University Health is selling its health plan to Elevance Health's Anthem Blue Cross and Blue Shield for an undisclosed amount.