Here are three things to know about Humana’s possible takeover.
1. Humana is exploring a possible sale of the company after Cigna approached the health insurer about a potential deal, according to a Bloomberg report. Along with Cigna, Aetna has also shown interest in taking over Humana, according to The Wall Street Journal.
2. Major insurers are interested in acquiring Humana due to the bulk of the company’s revenue coming from administering Medicare Advantage plans, which is an area other insurers are looking to expand.
3. Goldman Sachs Group is advising Humana on the possible sale.
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