Becker's Healthcare December 15, 2023
Health Care Service Corp. and Elevance Health are vying for Cigna’s Medicare Advantage business, Bloomberg reported Dec. 15.
People with knowledge of the sale told the outlet they expected final bids to be submitted next week. Deliberations on the sale, which could be worth more than $3 billion, are ongoing, and there is no certainty they will end in a deal, according to Bloomberg.
In November, Reuters reported Cigna was considering selling its Medicare Advantage business. Analysts said the sale could make a potential merger between Cigna and Humana, a major Medicare Advantage player, more acceptable to federal regulators.
On Dec. 10, the Wall Street Journal reported the potential merger between Humana and Cigna had been called...
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