UnitedHealth, Aetna, WellPoint May Be Pursuing Medicare Advantage Company

Health insurers UnitedHealth Group, WellPoint and Aetna are all potentially in the running to bid on XLHealth Corp., a managed care company for chronically ill Medicare beneficiaries, according to a Bloomberg Businessweek report.

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By: Staff

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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