Anthem-Cigna Meltdown Might Spark Deals for Smaller Health Plans

  • WellCare, Molina seen as potential targets for Cigna
  • Aetna’s acquisition of Humana seen eased with Anthem as buyer
Photographer: Andrew Harrer/Bloomberg
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A breakup of Anthem Inc.’s $48 billion bid for Cigna Corp., under scrutiny by U.S. antitrust regulators, could spark new deals for smaller health plans in a continued wave of industry consolidation.

Smaller insurers could become targets for Cigna, including WellCare Health Plans Inc., Centene Corp. and Molina Healthcare Inc. Anthem, meanwhile, may chase after assets that might be sold by industry rivals Aetna Inc. and Humana Inc. as they seek approval for their $35 billion tie-up.