Reports: Walmart Looks To Acquire Insurer Humana

According to the Wall Street Journal, Walmart is in preliminary talks to buy insurer Humana.

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Walmart started to sink their feet into healthcare by being a drugstore operator, as well as operating some retail clinics. The retail giant hopes to take advantage of Humana's Medicare Advantage business as more baby boomers become eligible for that program. 

Though the Wall Street Journal did not disclose how much the deal would be worth, Walmart is one of the nation's largest private employers with more than 1.5 million workers and a market value of $260 billion. Humana, on the other hand, is one of the country's largest insurers with a market value of $37 billion, with 52,000 employees. 

If the Walmart and Humana deal shows to be true, they would be joining the series of other deals that would bring retailers into the healthcare space. Last year, CVS agreed to buy Aetna for $69 billion and earlier this month, Cigna agreed to buy Express Scripts Holding for $53 billion.

Keep coming back for more updates on this possible merger. 

 

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