Per WSJ.
Cigna ($CI (+1.06%) ), a global health care services company, is in advanced discussions to expand its Medicare business for 3 to 4 billion dollars to Health Care Service Corp for between one and four billion dollars. Health Care Service Corp ($HCSG (+0.47%) ) offers health insurance including Medicare plans for older people in the USA.
The price target is $14.50 and the stock is covered by 5 analysts.
Buy
1
Hold
4
Sell
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Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of healthcare facilities, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. The Company's segments include housekeeping, laundry, linen and other services (Housekeeping), and dietary department services (Dietary). Housekeeping segment manages its customers housekeeping departments, which are responsible for the cleaning, disinfecting and sanitizing of resident rooms and common areas of the customers facilities, as well as the laundering and processing of the bed linens and other assorted linen items. Dietary segment manages its customers dietary departments, which are responsible for food purchasing, meal preparation and professional dietitian services that include the development of menus that meet the dietary needs of residents.
