Report: Louisville-Based Humana Considering a Sale
Trading of Humana shares halted briefly Friday afternoon as speculation grew that one of the nation's biggest health insurers might be up for sale.
Analysts have been discussing for a few weeks the possibility that large health insurers flush with cash may be deal hunting.
Humana is considering a sale and has received takeover interest, The Wall Street Journal reported Friday, citing anonymous sources.
Humana is the second-largest provider of Medicare Advantage plans, which are seen as a key source of growth for insurers. These privately run versions of the federally-funded health coverage program cover people over age 65 and the disabled.
A Humana spokesman did not immediately return a call from The Associated Press seeking comment.
Shares of Humana Inc. soared past $200 to record highs after trading resumed.