Hints and tips:
...Representatives for Cigna did not return multiple requests for comment....
...Humana and Cigna together made about $263bn. Both Cigna and Humana have had previous deals blocked by federal courts....
...A big chunk of Cigna’s earnings per share growth comes from buybacks, which is not great. But the stock is really cheap! Our next pick, Dollar Tree, is riskier....
...UnitedHealth Group’s OptumRx and Cigna’s Express Scripts, the two other large PBMs, have continued to give Humira preferred placement on their formulary lists as AbbVie has offered them bigger rebates....
...One thing to start: Cigna is in talks to merge with Humana in a deal that would create a US health insurance giant worth $140bn and provide a significant test for antitrust authorities, according to people...
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...Evernorth, a subsidiary of health insurance company Cigna, has invested an undisclosed amount and will be a minority owner in VillageMD....
...Cigna’s healthcare unit Evernorth is also investing. It will become a minority owner of VillageMD. Walgreens will remain the majority shareholder with a 53 per cent stake....
...Or at least the Cigna C-suite....
...And worse yet, the court has denied Cigna a $1.85bn termination fee from Anthem, which it thought it was entitled to over the busted deal....
...Several large US companies, including Cigna, Intel and T-Mobile, in February contributed to groups which help fund campaigns for Republican Senate and House of Representatives candidates, including the lawmakers...
...The country’s biggest listed health insurers — UnitedHealth Group, Cigna, Anthem and Humana — added nearly $54bn to their market values on Wednesday....
...The country’s biggest listed health insurers — UnitedHealth Group, Cigna, Anthem and Humana — have collectively added about $160.5bn to their market values since the pandemic began in earnest in late March...
...(Reuters) News round-up Fiat Chrysler and Peugeot agree to merge in giant auto deal (FT) + (Lex) New York Life aims to diversify with $6.3bn Cigna deal (FT) + (Lex) Bet365 head Denise Coates sets UK...
...Shares in Cigna rose 1.4 per cent to $169.83 in midday trading in New York, while United Healthcare ticked up 0.3 per cent to $249.56. CVS was flat at $54.10, while Humana was flat at $273.42....
...Cigna, a health insurer, announced the takeover of Express Scripts, a pharmacy benefit manager, in March....
...Shares in insurer Cigna — which took a leaf from CVS’s playbook by last year acquiring pharmacy benefits manager Express Scripts for $67bn including debt — were down 1.5 per cent on Wednesday....
...But as her husband’s insurance had recently switched from Cigna to United, the bill had jumped: her insurance would now pay only $1,100 of the $7,000 price tag....
...In June, Mr Delrahim said “these concerns are misplaced” in comments that appear to have been borne out by the approval of the CVS/Aetna and, last month, Cigna’s $67bn acquisition of Express Scripts, which...
...With its $67bn takeover of Express Scripts, health insurer Cigna is sending a signal that it will have to get bigger to deal with the most pressing malady of US healthcare: soaring costs....
...On Tuesday, Mr Icahn came out against the Cigna-Express Scripts merger, warning in an open letter to the insurance group’s shareholders that a competitor with the network and scale the size of Amazon’s is...
...Insurer Cigna — which has struck a $67bn deal to buy Express Scripts, a large pharmacy benefits manager — was up about 0.88 per cent, while Express Scripts rose 2.35 per cent....
...Carl Icahn, an activist investor in Cigna, has voiced his opposition to the healthcare insurer’s $60bn acquisition of Express Scripts, a pharmacy benefits manager, in an attempt to derail the tie-up ahead...
...follows a recent wave of deals in the healthcare services sector, including CVS’s $69bn takeover of health insurer Aetna and the $67bn acquisition of Express Scripts, a large pharmacy benefits manager, by Cigna...
...It would also give the DoJ the confidence to be more forceful in its review of deals like Cigna’s takeover of Express Scripts....
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