Posted in All, American Continental, Arcadian, Bravo, CareMore, Cigna, Genworth Companies, Health Spring, Humana, News, United Health Care, Wellpoint on November 23, 2011 |
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Cigna has cleared the first hurdle in it’s acquisition of Medicare advantage provider, HealthSpring. Here is a link to the story from CBS News.
The Cigna/HealthSpring deal was valued at $3.8 billion and was the largest in a series of acquisitions in the Medicare advantage market which have occurred in 2011.
Virtually all of the major carriers in the Medicare advantage market have completed sizable deals in 2011 including UnitedHealth, Humana, WellPoint and Cigna. The only major player who is yet to make an acquisition is Aetna (but there are still a few weeks left in 2011!) Earlier this year, however, Aetna did acquire a Medicare Supplement business from Genworth, so they seem to like to business.
Earlier this week, United announced the acquisition of XLHealth which further reduced the number of potential candidates.
I commented back in August that I felt the deals would continue and I still feel the same.
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