NEW YORK — U.S. health insurer Cigna is in talks to merge with Humana, according to published reports on Wednesday, a deal that could exceed $60 billion in value. The discussions come six years after regulators blocked mega-deals that would have consolidated the U.S. health insurance sector. After U.S. courts upheld antitrust challenges in 2017,
CAMBRIDGE, Mass — Today following the FDA’s approval of Aduhelm (aducanumab) for Alzheimer’s disease, Biogen announced it it working with CVS Health and the intention to enter into a value-based contract with Cigna. Starting in September, CVS will make cognitive screenings available through its Project Health program, which aims to narrow care disparities. The program
BROOMFIELD, Conn. — Cigna Corp. shareholders voted Friday to approve the health insurer’s $52 billion purchase of PBM Express Scripts Holding Co. The vote in favor of the acquisition came after activist investor Carl Icahn last week gave up a last-minute effort to get shareholders to nix the deal. The purchase still must be approved
BLOOMFIELD, Conn. — Another blockbuster merger is adding momentum to the consolidation wave sweeping through the health care sector, and again crossing industry segments. Health insurer Cigna Corp. plans to acquire pharmacy benefits manager Express Scripts in a $67 billion cash and stock deal. Under the agreement, unveiled earlier this month, Cigna will pay Express
WOONSOCKET, R.I. — Shareholders of CVS Health voted overwhelmingly to approve the company’s $69 billion deal to acquire health insurer Aetna Inc. CVS said that in a special stockholders meeting on Tuesday, more than 98% of shares were voted in favor of the CVS-Aetna merger agreement, which was announced in early December. Also at a
BLOOMFIELD, Conn., and ST. LOUIS — Continuing cross-segment consolidation in the health care arena, health insurer Cigna Corp. plans to acquire pharmacy benefits manager Express Scripts in a $67 billion cash and stock deal. The companies said Thursday that, under the Cigna-Express Scripts merger agreement, Cigna will pay Express Scripts shareholders $48.75 in cash and 0.2434
SAN FRANCISCO — McKesson Corp. announced two key personnel moves, including the promotion of Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health. Dimos will now oversee the Health Mart pharmacy network, taking over from Steve Courtman, who left the company to join health insurer Cigna as senior vice president
SAN FRANCISCO — McKesson Corp. has promoted Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health. With the move, Dimos will now oversee the Health Mart pharmacy network, taking over from Steve Courtman, who left the company to join health insurer Cigna as senior vice president of Cigna Pharmacy. In
WOONSOCKET, R.I. — Cigna and CVS Health recently rolled out Cigna Health Works, a new partnership that aligns Cigna-administered health benefits with CVS Pharmacy and CVS MinuteClinic retail health care services to deliver an innovative consumer-friendly experience for Cigna self-funded employer-sponsored health plans. This collaboration brings together the health benefits insights of a global health
WOONSOCKET, R.I., and BLOOMFIELD, Conn. — CVS Health and Cigna say they’re ushering in a new health care and drug coverage model with the launch of Cigna Health Works, which joins Cigna-administered health benefits with CVS Pharmacy and MinuteClinic retail pharmacy and health services. CVS and Cigna said Thursday that Cigna Health Works is designed
NEW YORK — More turbulence has hit the health insurance sector with the apparent breakup of the Anthem-Cigna merger and Humana Inc.’s plan to pull out of the exchange market. Anthem Inc. on Wednesday said it has filed a lawsuit in the Delaware Court of Chancery against Cigna Corp., which yesterday afternoon announced its aim
HARTFORD, Conn., and LOUISVILLE, Ky. — After being blocked by a federal court, Aetna Inc. and Humana Inc. have decided to terminate their $37 billion merger deal. The health insurance giants said Tuesday that, with the move, Aetna will pay Humana a $1 billion breakup fee. Aetna said it also has ended its agreement to
Congressional scrutiny of the recent health insurer mega-mergers is a welcome sight, according to B. Douglas Hoey, CEO of the National Community Pharmacists Association. This summer, health insurer M&As reached a peak with Anthem’s $48 billion purchase of Cigna and Aetna’s $34 billion acquisition of Humana. On Thursday, the House Judiciary Committee’s Subcommittee on Regulatory
NEW YORK — Chain drug retailers have gotten used to dealing with fewer, and larger, drug makers, wholesalers and pharmacy benefit managers over the years. Retailers themselves have also consolidated, and now a merger wave has washed over the health insurance industry. While acquisitions in other sectors have been driven by the pursuit of economies
