J.P. Morgan Conference: Cigna Is Coy About Deals; CVS Touts Provider Purchases
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Jan 12, 2024
The annual J.P. Morgan Health Care Conference in San Francisco, which took place from Jan. 8-11, has a well-earned reputation as the site of dealmaking. Last year, for example, rumors of CVS Health Corp.’s eventual deal to acquire primary care provider Oak Street began to emerge. Â
The 2024 edition proved to be less fruitful for dealmaking as far as managed care firms were concerned — never mind the $6.4 billion in deals announced at the start of the conference by Johnson & Johnson, Merck & Co. Inc. and Boston Scientific Corp. Â
Still, CVS and The Cigna Group each faced questions about the aftermath of megadeals, both real and imagined.Â
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