Healthcare DIVE November 11, 2024
The flat-out denial comes after Cigna CEO David Cordani tried to throw cold water on persistent speculation of a Humana merger earlier this fall.
Dive Brief:
- Cigna has confirmed it is not pursuing an acquisition of rival health insurer Humana, putting yearlong rumors of a combination to bed.
- “In light of recent and persistent speculation, The Cigna Group expects to communicate that the company is not pursuing a combination with Humana Inc. The Cigna Group remains committed to its established M&A criteria and would only consider acquisitions that are strategically aligned, financially attractive, and have a high probability to close,” the company said in a statement Monday.
- Humana’s stock fell more than 7% in premarket trading following the statement,...
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