Walmart Said To Be In Talks With Humana To Provide Health Care – CWEB.com
Walmart (NYSE:WMT) in early talks to buy health insurer Humana (NYSE:HUM) as retailers are increasingly moving into the health care space.
Those on Medicare with Humana insurance Walmart wants to partner with even considering purchase.
Walmart may be looking to dive deeper into the rapidly evolving health care market by acquiring the insurer Humana (NYSE:HUM) , according to reports.
Health-care spending accounted for about 18 percent of the U.S. economy last year, and continues to surge with an aging population, pricey medications, and a complex regime of reimbursements and middlemen.
Walmart (NYSE:WMT) and Humana (NYSE:HUM) already work together on prescription drug plans for individuals in the U.S. Medicare program. The plans offer some prescriptions for as little as $1, as long as customers pick up their drugs at a Walmart or Sam’s Club.
Humana (NYSE:HUM) is jumping in the late session, up 13.5%, on a Wall Street Journal report that Walmart (NYSE:WMT) is seeking closer ties that could include an acquisition.
CWEB Analyst’s have Reiterates a Buy Rating for Walmart (NYSE:WMT) and a price target of $150 within 12 months.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.