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Anthem to buy Cigna for $54B in mega insurance merger

Discussion in 'General Business and Entrepreneurship' started by EF-Roger, Jul 24, 2015.

Is this deal good for bad?

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  1. EF-Roger

    EF-Roger Member

    635705673911300290-AP-Anthem-Database-Hack.jpg

    The health care insurance industry's consolidation rush is accelerating with insurance giant Anthem's deal to acquire Cigna in a transaction valued at $54.2 billion.

    Anthem on Friday confirmed that it has reached a deal to buy Cigna, creating a mammoth for-profit insurer with annual revenues of more than $115 billion and more than 53 million insured patients.

    Together, the insurers represent about 17% of the U.S. population.

    Their tieup follows weeks of intense negotiations, with Cigna at one point publicly rejecting Anthem's entree.

    Read more http://www.usatoday.com/story/money/2015/07/24/anthem-buy-cigna-mega-insurance-merger/30608995/
     

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