Health Insurer Acquirers Get No Reward for Dealmaking: Real M&A
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Investors aren’t giving much love to the latest dealmakers in health insurance.
After announcing a $37 billion acquisition of Humana Inc., Aetna Inc. plunged 6.4 percent on Monday, its biggest one-day drop in three years. Meanwhile, Centene Corp. had its worst two-day period since 2012 after saying on July 2 that it would buy Health Net Inc. for $6.8 billion, including debt.