Anthem Cigna merger News

Judge’s Denial of Anthem Injunction Effectively Kills Cigna Merger

A judge effectively killed off any practical chance of Anthem Inc merging with Cigna Corp on Thursday as he declined to order Cigna not to terminate the deal. Judge Travis Laster of Delaware’s Court of Chancery denied Anthem’s request for …

Appeals Court Blocks Anthem-Cigna Merger Bid

A U.S. appeals court on Friday blocked health insurer Anthem Inc’s bid to merge with Cigna, upholding a lower court’s decision that the $54 billion deal should not be allowed because it would lead to higher prices for healthcare. The …

Anthem Not Giving Up on Merger with Cigna Even If Cigna Is

Anthem Inc. on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp. from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust regulators. Judge Travis Laster of Delaware’s Court of Chancery granted …

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, …

Federal Judge Halts Anthem-Cigna Merger as Harmful to Competition

A federal judge on Wednesday ruled against U.S. health insurer Anthem Inc.’s proposed $54 billion merger with smaller rival Cigna Corp., derailing an unprecedented effort to consolidate the country’s health insurance industry. The U.S. Justice Department sued in July to …

Anthem-Cigna Merger Trial Pits Efficiency Claims vs. Loss of Competition Claims

Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp. will raise costs, as government witnesses testified Friday that the deal will harm health-care providers and patients. Frank Gorse, a …

At Trial, Anthem-Cigna Merger Called Harmful to Competition

Anthem Inc.’s proposed $48 billion merger with Cigna Corp. could give the insurer the power to raise prices for employers both in the 14 states where it does business, as well as across the country, according to a witness in …

In Anthem-Cigna Merger Trial, Fortune 500 Said Not at Risk

Anthem Inc. and the U.S. Justice Department dug in their heels on Monday in court over whether the lower prices the health insurer expects to negotiate after buying smaller rival Cigna Corp. are an efficiency that benefits customers or an …

Judge: No Ruling on Anthem-Cigna Merger Until 2017

The judge overseeing the U.S. Justice Department’s bid to stop health insurer Anthem from merging with competitor Cigna said on Friday her goal was to have a ruling by the end of January, later than the Dec. 30 date sought …

Virginia Insurance Bureau Opposes Anthem-Cigna Marriage

Virginia’s Bureau of Insurance says a proposed merger between health insurance giants Anthem and Cigna would be bad for consumers. The bureau issued recently issued its analysis ahead of a decision by the State Corporation Commission whether to approve Anthem’s …