Here comes another mega-merger: Aetna and Humana are reportedly close to a multi-billion deal


A flurry of merger activity among the nation’s largest health insurers appears to be reaching another turning point. Aetna is reportedly on the verge of a deal to buy Humana, the Wall Street Journal reports.

The deal could be announced as early as this week.

The publication reports the deal would be among some of the largest amid what is shaping up to be a record year for mergers and acquiaitions in the US.

As of market close Thurday, Kentucky-based Humana was valued at $US28.9 billion.

Shares of the insurer have been spiking of late, as rumours of its imminent acquisition by Aetna were swirling. Humana’s stock popped 8% one week ago Thursday.

NOW WATCH: Someone figured out the purpose of the extra shoelace hole on your running shoes — and it will blow your mind

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.