News Headlines Article

Drug, Hospital M&A Spurs Big Insurers To Eye Mega-Deals
Yahoo! News

Big health insurers want to get bigger to cut costs and fatten profit, of course, but seem to be moving faster now to consolidate in response to mergers elsewhere in the health care system. Bigger pharmaceutical companies and merging hospitals may require larger, more powerful insurers to represent patients. So, eager perhaps to prove its determination to investors, Anthem (ANTM) last week took the unusual step of publicizing details of its takeover talks with Cigna (CI), leading the Bloomfield, Conn.-based Cigna to publicly admit that it’s “deeply disappointed” with how Anthem disclosed its latest $54 billion offer.