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.