Tag: $Cigna Group

Shares of major pharmacy-benefit managers tumbled Wednesday after a report that a bipartisan group of lawmakers is planning to introduce legislation that would break them up — though one healthcare analyst believes such a bill is unlikely to be passed into law.

Cigna Group is not pursuing a combination with Humana the health insurer said on Monday, following recent media reports that it had revived a pursuit to buy its smaller rival.

U.S. health insurer Cigna Group has revived efforts to merge with smaller rival Humana after abandoning the pursuit late last year, Bloomberg News reported on Friday, citing people familiar with the matter.

Shares of Cigna Group rose sharply in premarket trading Monday after The Wall Street Journal reported that the health insurer had ended its pursuit of a blockbuster deal to buy Humana and would instead focus on stock buybacks and smaller acquisitions.