Louisville, Ky. – Aetna Inc., the second-largest U.S. health insurer by market value, is closing in on an acquisition of Louisville-based Humana Inc., according to a new report by Bloomberg Business.
Citing “several people with knowledge of the matter,” the article says the two industry giants could reach a deal “as early as this weekend.”
The news comes amid many moves, developments and speculations inside the health insurance industry. Earlier in the week rivals Anthem Inc. and Cigna Corp. held merger talks of their own, and yesterday the Supreme Court of the United States upheld the legality of the Affordable Care Act.
Humana stock was up 7.1 percent by the end of yesterday’s market closing.
Humana’s 3.2 million Medicare Advantage members make it a coveted target, as more Americans turn 65 and become eligible for the health program for the elderly and its private insurer-run version, according to the Bloomberg article.