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June 06, 2019

Humana Not Courting Centene

According to a rare statement made by Humana, while their “long-standing policy is not to comment on rumors or speculation regarding possible M&A activity,” it has made an exception in this case, “in light of the significant investor speculation and persistent market rumors regarding the Company’s intentions with respect to pursuing a combination with Centene Corporation (“Centene”), the Company has chosen to make a one-time, limited exception to its no-comment policy (which continues in effect) and confirm that the Company will not make a proposal to combine with Centene as an alternative to Centene’s proposed transaction with WellCare Health Plans, Inc. The Company does not intend to make any further statement regarding the foregoing.”  Meanwhile, Centene is moving forward with its plans to acquire WellCare, which will allow the mega-merger to grow both Centene’s ACA business, as well as the companies’ combined Medicaid and Medicare business.