Anthem Cigna News

Anthem, Cigna in Court Battles Over Failed Merger

There’s no dispute that a $48.9 billion merger announced in 2015 between health insurers Anthem Inc. and Cigna Corp. imploded two years later over antitrust concerns. Now, the question is whether one owes the other billions for the deal’s failure. …

Court Battles Begin as U.S., States Sue to Halt Anthem, Aetna Mergers

U.S. antitrust enforcers roundly rejected a pair of proposed deals that would consolidate the nation’s five biggest health insurers into just three. The Justice Department filed an antitrust lawsuit to stop Anthem Inc.’s merger with Cigna Corp. in federal court …

Anthem Says It’s Not Walking Away from Cigna Merger

Anthem Inc. said it’s not in discussions with Cigna Corp. to end their $48 billion tie-up, as speculation about the health insurance deal’s fate mounts. The New York Post reported earlier that Anthem may be ready to walk away, citing …

Cigna Cautions That Anthem Merger May Not Happen in 2016

Cigna Corp.’s acquisition by health insurance rival Anthem Inc. may not be approved this year, Cigna said Friday in a regulatory filing. Shares of both companies declined. An analyst said the delay could be a sign of trouble for the …

Florida Approves Anthem Bid to Acquire Cigna’s Florida-based Affiliates

The Florida Office of Insurance Regulation (OIR) has issued a Consent Order (see below) approving, with additional requirements, Anthem, Inc.’s (Anthem) application to acquire 100 percent of the issued and outstanding voting securities of HealthSpring of Florida (d/b/a Leon Medical …

Connecticut Insurance Dept. to Play Key Role in Proposed Anthem/Cigna Merger

Connecticut’s Department of Insurance is playing a major role in a deal that could create the nation’s largest health insurer, leading a 26-state review of Anthem Inc.’s proposed merger with Bloomfield, Connecticut-based Cigna. Since Cigna is based in Connecticut, state …

Pending Mergers Will Harm Health Insurance Competition: AMA

The nation’s doctors say the proposed mergers among four of the nation’s largest health insurance companies would violate federal antitrust guidelines and seriously erode health insurance competition. According to new special analyses of commercial health insurance markets issued today by …

Anthem to Buy Cigna, Creating Largest U.S. Health Insurer by Membership

Anthem Inc. said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal – the biggest ever in the health insurance industry – comes three weeks …

Anthem Reported Close to $48B Deal for Cigna

Anthem Inc. is near an agreement to buy rival Cigna Corp. for about $48 billion, two people with knowledge of the matter said. A deal would create the largest health insurer in the U.S. after almost a year of talks. …

Why Cigna Rejected $47 Billion Bid by Anthem

Cigna Corp. rejected Anthem Inc.’s $47 billion takeover bid, saying it was inadequate, not in the best interests of shareholders and that Anthem’s management wasn’t fit to lead a merged insurance giant. Anthem on Saturday offered to buy the smaller …