Cigna CEO David Cordani threw cold water on speculation that the health insurer is interested in acquiring rival Humana during a call with investors. Despite reports earlier this fall that the two payers had reopened deal talks, Cigna plans to use excess cash to buy back shares, Cordani said while discussing Cigna’s third quarter results. “We don’t comment on rumors, but what I will do is be very clear about the actions we are pursuing,” Cordani said. “We continue to deploy our excess free cash flow for share repurchase [and] looking forward we expect to continue to actively repurchase our shares.”
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Source: https://www.healthcaredive.com/news/cigna-ceo-tamps-down-humana-deal-speculation/731582/