Earlier this week, Cigna bought HealthSpring, a Medicare Advantage HMO, for $3.8 billion, and WellPoint bought CareMore Health Group, also a Medicare Advantage health plan, in August.
Mr. DeVeydt thinks the merger and acquisition market for senior plans in particular is enticing to health insurers because of the upcoming wave of baby boomers. “If I had only $100 to spend, and three assets came up and they all had equal value, my bias would be toward a Medicare company right now because I see the boomers aging in, and it’s where the population is going,” Mr. DeVeydt said in the report.
Related Articles on Health Insurer Transactions:
New York’s Lutheran Medical Center Sells Medicaid HMO for $85M
Humana to Buy Second Medicare Advantage HMO in Month
Cigna to Purchase HealthSpring for $3.8B
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
