Home Health Care News October 21, 2024
Humana Inc. (NYSE: HUM) and Cigna Group (NYSE: CI) have reportedly resumed conversations around a merger. The two companies discussed the possibility of a merger in 2023, but ultimately paused those conversations a few weeks later.
Bloomberg first reported resumed merger discussions between the two companies on Friday.
The news comes at a time when Humana’s stock is hovering near five-year lows. The Medicare Advantage (MA) rate environment has undoubtedly played a part in those struggles, as has the Centers for Medicare and Medicaid Services (CMS) lowering of Humana’s star ratings in MA.
Humana on Friday filed a lawsuit against the Department of Health and Human Services (HHS), which CMS operates within, over those drops in star ratings. Specifically, Humana...
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