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, Cigna gave up on a $48 billion deal to acquire Anthem, now known as Elevance Health. Losing the legal battle also caused Aetna, now owned by CVS Health, to abandon a $37 billion deal to acquire Humana.
A merger would give the combined company more scale to rival bigger U.S. health insurance players UnitedHealth Group and CVS Health.