Deals
Centene Drew Takeover Interest From Cigna in Recent Months
- Discussions were held last year, talks not currently live
- Health insurers keen to consolidate despite regulatory hurdles
Photographer: Ron Antonelli/Bloomberg
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Centene Corp. fielded potential takeover interest from Cigna Corp. in recent months, according to people familiar with the matter, underscoring how large health insurers are still eager to consolidate despite regulatory aversion to jumbo deals in the space.
The discussions were preliminary and didn’t lead to serious deal negotiations late last year, said the people, who asked to not be identified because the matter isn’t public. There are no talks ongoing, and it’s unclear whether they could be revived, the people said.