Analysts not ruling out Cigna, Humana merger

Analysts not ruling out Cigna, Humana merger
Becker's Payer Issues; by Rylee Wilson; 4/22/24
A merger between Humana and Cigna could still be in the cards according to one analyst, Bloomberg reported April 22. "The math now works for a [Cigna and Humana] fusion," Jeffries analyst David Windley wrote April 22. Since the two companies abandoned a proposed merger in December, Cigna's stock prices have risen by 37% and Humana is down 31%, according to Bloomberg. Cigna could strike a deal to acquire Humana for around $420 per share, Mr. Windley wrote in a note to clients. An acquisition would add to Cigna's growth if it does not pay more than $470 per share for the company, according to Jeffries.