M&A

CareSource plans to affiliate with one of the last surviving ACA co-op plans. 

From the Elevance-Blue Cross Blue Shield of Louisiana deal put on hold again to Cigna reaching a deal to sell its Medicare business, here are nine payer mergers and acquisitions updates Becker's has reported since Jan. 29: 

At least eight health systems are getting out of the insurance business. 

CareOregon and SCAN Group have called off a proposed merger between the two nonprofit insurers, after state regulators expressed skepticism about the deal. 

Blue Cross Blue Shield of Louisiana has put plans to be acquired by Elevance Health on pause again after the proposed sale faced scrutiny from physicians and state officials. 

UnitedHealth Group, Centene and Cigna have recently completed major divestitures of assets outside the U.S. as the companies focus on domestic growth or core business operations.

More Louisiana officials are voicing opposition to the planned sale of Blue Cross Blue Shield of Louisiana to Elevance Health. 

UnitedHealth Group completed the sale of its health insurance and hospital operations in Brazil, the company said in regulatory documents filed Feb. 6. 

Hundreds of people, including physicians, patients and Oregon Senate Majority Whip Sara Gelser Blouin, have urged the state department of health to block Optum's proposed acquisition of Corvallis (Ore.) Clinic, the Corvallis Gazette-Times reported Feb. 8.

It's going to be a difficult task for Health Care Service Corp. to turn Cigna's Medicare business into a financially successful endeavor, according to a Moody's analysis shared with Becker's.