Thursday April 25, 2024 | Last Update: April 25, 2024 EDT
US healthcare insurer Anthem, Inc. announced on Friday a deal to buy rival Cigna Corporation for $54.2 billion to create the largest player in the industry,but the transactions is expected to draw scrutiny from regulators amid concerns that the consolidation may limit options for consumers.
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Anthem Inc., the U.S. second largest health insurer, has offered to buy smaller rival Cigna Corp. for about $47 billion as industry players rush to consolidate to manage costs as applications rise due to the the Obama administration's landmark Patient Protection and Affordable Care Act.
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