1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
Business or Entrepreneurial questions? BizWarriors is completely FREE - paid for by advertisers and donations. Click here to join today! You can now use your Facebook or Twitter account to regsiter or login. If you're new to the BizWarriors Forum, we highly recommend that you visit our Guide for New Members.

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?

  1. Good

    0 vote(s)
  2. Bad

    0 vote(s)

Share This Page

  1. EF-Roger

    EF-Roger Member


    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/

Share This Page