Walmart to acquire Health Insurer Humana
Saturday, 03 31 2018, Category: Insurance and Reinsurance, Country: United States
U.S. retailer Walmart Inc. is in early-stage talks with health insurer Humana Inc. about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on Thursday.
Should the talks lead to a tieup, it would be the latest deal to bring together a retail chain and a health insurer in the last few months, following CVS Health Corp.’s $69 billion deal to acquire Aetna Inc. and Cigna Corp.’s $54 billion deal to buy Express Scripts Holding Co.
Walmart approached Humana earlier this month and the deliberations are preliminary, two of the sources said. While the conversations have focused on new partnerships, an acquisition of Humana by Walmart is also something being discussed, the sources added.
The sources asked not to be identified because the deliberations are confidential. Humana and Walmart declined to comment.
Walmart and Humana have market capitalizations of $264 billion and $37 billion, respectively.
Source: Insurance Journal