No deal has been finalized or confirmed, but it is speculated that bids for XLHealth could reach $1.5 billion to $2 billion, according to the report.
Cigna is the most recent insurer to purchase a Medicare Advantage company. It bought HealthSpring for $3.8 billion on Oct. 24.
Related Articles on Health Insurer Acquisitions:
WellPoint CFO: Health Insurance Industry Deals to Pick Up
Cigna to Purchase HealthSpring for $3.8B
Humana to Buy Second Medicare Advantage HMO in Month
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