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Anthem To Buy Cigna For $54 Billion!!!

Posted by: on Jul 24, 2015 | No Comments

Anthem Inc. has agreed to acquire rival Cigna Corp. for $54 billion, creating the health insurance industry’s biggest company by enrollment. The agreement announced Friday caps weeks of frenzied deal making in the healthcare sector. Aetna Inc. reached a $37-billion deal for Humana Inc. this month. And Woodland Hills insurer Health Net Inc. agreed to be acquired by Medicaid insurer Centene Corp. for $6.8 billion. The melding of Anthem and Cigna would create a company with about $115 billion in annual revenue and 53 million members. That would make it the largest U.S. health insurer in terms of membership, ahead of industry leader United Health Group Inc., which has 46 million members. The Aetna-Humana combination would have about 33 million members, rounding out a dominant big three in the health insurance business.


Please visit the LA Times link here for the full story!

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