Walmart in talks with Humana for deeper partnership but deal said unlikely

Walmart in talks with Humana for deeper partnership but deal said unlikely

Walmart in talks with Humana for deeper partnership but deal said unlikely

Meeder Asset Management Inc, which manages about $3.85 billion and $1.18B US Long portfolio, upped its stake in Ishares 7 (IEF) by 497,664 shares to 522,360 shares, valued at $55.15M in 2017Q4, according to the filing. Walmart had a return on equity of 16.85% and a net margin of 1.97%.

Walmart has been buying health care for its workers directly from providers in six different regions - bypassing insurers who usually negotiate with doctors and hospitals.

It also would be Walmart's largest deal by far, eclipsing its 1999 acquisition of the U.K.'s Asda Group PLC for $10.8 billion.

According to The New York Times, Neil Saunders, managing director of retail consultancy GlobalData Retail, sees "considerable" risks for Walmart in entering the healthcare space, "especially at a time when Walmart is grappling with the competitive challenges of a rapidly shifting retail market". Now it appears Humana may have found a new suitor. At that time, Leerink Partners analyst Ana Gupte thought the most likely company to acquire Humana was Cigna, according to Fierce Healthcare citing a report by Gupte.

UEFA ends probe into Michy Batshuayi racial abuse claim
Michy Batshuayi has called out Uefa after an investigation into alleged monkey noises aimed at the Chelsea striker was dropped. Upon seeing the news, Batshuayi tweeted: "LOL".

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd.

The two companies are discussing a range of options, including an acquisition, one of the people familiar said.

Acquiring Humana could help jump-start that effort and give Walmart greater clout in the health care industry, said Larry Levitt, senior vice president at the Kaiser Family Foundation, a health care research center.

Walmart and Humana have worked together since 2010 to offer low-priced prescription plans - now at under $20 per month - to Medicare customers. Walmart's interest in Humana may stem from its thousands of pharmacies, which are located within its retail stores. The goal was to have 70% of Walmart's China-sourced export businesses participating in the program by the end of past year - a goal that was exceeded. Since then, Humana has announced plans to buy home health care company Kindred, and that deal is moving forward.

Mets top Cardinals 9-4 on opening day at Citi Field
The person spoke on condition of anonymity because the agreement was pending a physical and had not been announced. New Met Adrian Gonzalez plated fellow new Met Todd Frazier with a double to give the Mets a 4-3 lead with one out.

"It would provide Walmart with better data and information on what to promote and what to provide for certain populations", he said. Amazon has been eyeing an entry into the pharmacy-services industry, and it recently expanded its discounted Prime program to beneficiaries of Medicaid, the government health-coverage program for lower-income people, a key demographic for Walmart.

In addition to pharmacy benefit management gains, Walmart has some added incentives, mainly around competing with CVS Health in the retail clinic and retail pharmacy segments by bringing a major insurer under its wing.

Some of the nation's most well-known executives are also tackling health care. Institutional investors and hedge funds own 30.00% of the company's stock.

Woman gets 5 years for illegally voting in 2016 presidential election
In Texas, knowingly voting illegally is a second-degree felony, punishable by up to 20 years in prison. After her conviction, Mason chose to forgo a jury trial and have her sentence assessed instead.

Latest News