health insurer merger 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. …

Walmart Talking with Health Insurer Humana on Closer Ties, Possible Acquisition

U.S. retailer Walmart Inc. is in early-stage talks with health insurer Humana Inc. about developing closer ties, with the acquisition of Humana being discussed as one possibility, people familiar with the matter said on Thursday. Should the talks lead to …

Health Insurers Weigh Next Moves After Striking Out on Mergers

After 18 months of courtship and court cases, two massive deals that would have reshaped the U.S. health insurance industry have both been declared dead, blocked by judges who said they’d do unacceptable harm to competition in the industry. Now, …

Fate of Anthem-Cigna Merger Now in Judge’s Hands

The first phase of the U.S. Justice Department’s lawsuit to halt Anthem Inc.’s planned takeover of rival insurer Cigna Corp. is in the hands of a federal judge after the government wrapped up its arguments Tuesday that the deal would …

Aetna CEO Denies Obamacare Exits Were Retaliation for U.S. Opposing Humana Merger

Aetna Inc.’s chief executive denied on Friday that its withdrawal from some Obamacare exchanges was in retaliation for government efforts to halt its merger with Humana Inc, as he sought to convince a federal judge to approve the deal. 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 …

Consumer Groups, Unions Form Coalition to Oppose Health Insurer Mergers

Two U.S. consumer groups announced the formation of a coalition with New York labor unions last week to press antitrust regulators to oppose big insurance mergers that would cut the number of nationwide for-profit health insurers from five to three. …

Doctors Seek to Block 2 Health Insurance Mergers

The American Medical Association asked U.S. antitrust regulators to block two proposed mergers that could reshape the health insurance industry. Anthem Inc. shouldn’t be permitted to buy Cigna Corp. and Aetna Inc. should be blocked from acquiring Humana Inc., the …

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 …

Regulatory Review of Aetna’s Humana Deal Could Affect Other Insurer Deals

Aetna Inc.’s $37 billion deal to buy smaller health insurer Humana Inc. will face rigorous scrutiny from U.S. regulators, which antitrust experts said could also make other large-scale mergers in the sector more difficult. The Aetna-Humana tie-up would be the …