After failing to agree with Humana on price, Cigna put an early end to what would have been one of the biggest deals of the decade that would have created a roughly $140 billion giant in the health insurance industry.
Two of the biggest health insurers are in talks about a potential powerhouse merger, comparable to the last major wave of industry consolidation five years ago when CVS closed its near-$70 billion deal for Aetna.
In its third largest deal in the last decade, the pharmacy chain digs deeper into health care services, after buying Oak Street, which runs clinics that specialize in treating Medicare Advantage patients.
The merger, which is expected to close in the first quarter of next year, will create one of the biggest independent doctor groups in the US providing primary care, specialty care and urgent care.
The choice Dimon, Bezos, and Buffett have made implies that the health care company will take a broad look at fixing health care.
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"articles": [
{
"uri": "/2023/12/12/no-deal-cigna-calls-off-humana-merger-talks-for-now/",
"title": "No deal! Cigna calls off Humana merger talks, for now",
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"summary": "After failing to agree with Humana on price, Cigna put an early end to what would have been one of the biggest deals of the decade that would have created a roughly $140 billion giant in the health insurance industry.",
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{
"uri": "/2023/11/29/cigna-humana-deal-health-insurance-giants-in-talks-for-a-blockbuster-merger/",
"title": "Cigna, Humana deal? Health insurance giants in talks for a blockbuster merger",
"byline": "Crystal Tse, Michelle F. Davis and John Tozzi",
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"summary": "Two of the biggest health insurers are in talks about a potential powerhouse merger, comparable to the last major wave of industry consolidation five years ago when CVS closed its near-$70 billion deal for Aetna.",
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{
"uri": "/2023/02/08/cvs-pays-10-6b-for-oak-street-health-primary-care-centers/",
"title": "CVS pays $10.6B for Oak Street Health primary care centers",
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"summary": "In its third largest deal in the last decade, the pharmacy chain digs deeper into health care services, after buying Oak Street, which runs clinics that specialize in treating Medicare Advantage patients.",
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{
"uri": "/2023/01/10/cvs-explores-a-more-than-10b-acquisition-of-oak-street-health/",
"title": "CVS explores a $10B acquisition of Oak Street Health",
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"summary": "A deal could be reached within weeks that would value Oak Street at more than $10 billion, including debt.",
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{
"uri": "/2022/11/18/walgreens-backed-villagemd-to-buy-summit-health-in-8-9b-deal/",
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"summary": "The merger, which is expected to close in the first quarter of next year, will create one of the biggest independent doctor groups in the US providing primary care, specialty care and urgent care.",
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{
"uri": "/2022/09/06/cvs-to-buy-signify-health-in-deal-pushing-beyond-retail/",
"title": "CVS beats out Amazon with $8B Signify Health deal",
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"summary": "After losing out on One Medical to Amazon, CVS has finally gained a major foothold in home health care services.",
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{
"uri": "/2020/05/29/finance-ceos-worry-markets-are-too-optimistic-about-economy-412-98862/",
"title": "Finance CEOs worry markets are too optimistic about economy",
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"summary": "JPMorgan's Dimon said \"you could see a fairly rapid recovery\" but cautioned that the Fed \"can't prop up the stock market forever.\"",
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{
"uri": "/2019/11/04/havens-amazon-jpmorgan-roll-out-new-health-plans/",
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"byline": "Michelle F. Davis, Cynthia Koons and Matt Day",
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"prettyDate": "November 04, 2019",
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"summary": "The efforts appear to be early steps in the venture's goal of overhauling health-care benefits to make them more transparent.",
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"byline": "Michelle F. Davis and Alastair Marsh",
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"summary": "CEO Jamie Dimon famously called bitcoin a 'fraud' in 2017, though he's repeatedly said he sees many ways the bank could use blockchain technology.",
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{
"uri": "/2018/06/20/surgeon-journalist-named-to-head-amazon-co/",
"title": "Surgeon-journalist named to head Amazon & Co",
"byline": "Zachary Tracer, Katherine Chiglinsky and Michelle F. Davis",
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