Humana Sale Rumors Heat Up
Rumors that Humana could be sold soon gained more momentum over the weekend.
The Wall Street Journal reports that Aetna has proposed a takeover of the Louisville-based health insurance company. Though the amount of money involved in the deal wasn’t known, Humana is valued at $30 billion.
The newspaper reports that the Louisville-based Humana has "privately offered itself for sale."
The Journal adds:
The move comes as many health insurance companies are eyeing mergers. Anthem has proposed a takeover of Cigna, while Cigna is also apparently eying Humana, according to the Wall Street Journal. United Health has also made a takeover approach to Aetna.
Humana is Louisville’s largest publicly traded company by revenue, according to Greater Louisville Inc.