Cigna Group (NYSE: CI) mentioned Monday it is not going to formally mix with Humana Inc. (NYSE: HUM) is pursuing.

Which means CenterWell House Well being, one of many nation's largest dwelling well being care organizations, is not going to change possession. Collectively, Cigna and Humana would have turn into one of many nation's largest well being care corporations, with a large insurance coverage arm and a spread of well being care companies below one umbrella.

“The Cigna Group expects to speak that the corporate shouldn’t be pursuing a mix with Humana Inc,” the corporate wrote in a press launch on Monday. “The Cigna Group stays dedicated to its established M&A standards and would solely contemplate acquisitions which are strategically aligned, financially enticing and have a excessive likelihood of completion.”

Cigna and Humana have reportedly mentioned a merger a number of instances. Rumors a couple of potential mixture circulated twice previously yr.

In October, Bloomberg reported that the businesses had resumed talks. Now the potential of a deal seems to be off the desk.

Cigna shares have been greater than 7% greater at market shut on Monday.

Humana has been coping with its personal issues currently. The corporate has sued the Division for Well being and Human Providers (HHS) over a decline in a few of the star rankings of its Medicare Benefit (MA) plans, whereas additionally searching for value-based care inside its insurance coverage and repair suppliers .

Particularly, CenterWell House Well being plans to deal with 80,000 sufferers below a value-based care mannequin within the close to future.