Anthem may sacrifice biz lines to get its Cigna deal
No one is sure whether Anthem and the Justice Department can hash out a settlement before the federal case to block the insurer's $54 billion acquisition of Cigna Corp. goes to trial in November.
No one is sure whether Anthem and the Justice Department can hash out a settlement before the federal case to block the insurer's $54 billion acquisition of Cigna Corp. goes to trial in November.
Anthem Inc. will go to trial against the U.S. in late November to defend its $48 billion takeover of rival insurer Cigna Corp., a start date later than Anthem said it needed to potentially close the deal by an April deadline.
Anthem’s lawyer, Christopher Curran, told U.S. District Judge John Bates in Washington, D.C., on Thursday that Cigna’s top management is "no longer interested in being pursued."
With shares riding a two-year high and quarterly earnings beating estimates, Interactive Intelligence CEO Don Brown joshed around with analysts a bit Monday about acquisition rumors.
Indianapolis-based leadership consulting firm FlashPoint Inc. closed on the acquisition of Sonoma Leadership Systems on Sunday.
The Indianapolis-based company spent $2.8 million in the second quarter on a potential purchase it ultimately decided not to pursue.
The Indianapolis-based health insurer said its participation in the government’s health insurance exchanges—a sore subject for the Obama administration that is trying to stop the acquisition—may be at stake.
Anthem Inc. told a federal court that its proposed $48 billion merger with rival health insurer Cigna Corp. will lower consumer costs and extend coverage to more people, in response to a U.S. lawsuit seeking to block the deal.
Analysts have speculated Anthem and Cigna would part ways in the wake of a lawsuit the Department of Justice’s Department’s antitrust division filed last week seeking to block the deal.
Anthem Inc.’s proposed purchase of Cigna Corp. would diminish competition between insurers in markets around the nation, according to a complaint filed Thursday by the U.S. Justice Department that painted Anthem in an unflattering light.
The U.S. Justice Department filed an antitrust lawsuit against Indy-based Anthem Inc. and Cigna Corp. on Thursday. In recent years, the department has shown an increasing willingness to go to court to block deals it believes could stifle competition.
Connecticut Insurance Commissioner Katharine Wade contends she has no conflict of interest that would prevent her from overseeing a proposed merger between Indianapolis-based Anthem Inc. and Bloomfield, Connecticut-based Cigna Corp.
The Obama administration’s top health official is promoting the importance of competition to insurance markets, as the Justice Department is poised to decide on the massive Anthem-Cigna and Aetna-Humana merger proposals.
A breakup of Anthem Inc.’s $48 billion bid for Cigna Corp., under scrutiny by U.S. antitrust regulators, could spark new deals for smaller health plans in a continued wave of industry consolidation.
The parent of City Securities Corp. has sold its biggest subsidiary to a New York-based real estate holding company, a move that’s expected to give the niche operation room to grow.
Indianapolis-based health insurer Anthem Inc. said it is not in discussions with Cigna Corp. to end their planned $48 billion merger, as speculation about the health-insurance deal’s fate mounts.
Shares in WP Glimcher Inc. fell nearly 7 percent Monday after the Columbus-based retail landlord refuted reports it was involved in merger negotiations with Indianapolis-based Kite Realty Group Trust.
One of Indiana’s largest home health care providers, facing allegations that it put patients in immediate jeopardy, has agreed to be acquired by a competing company in a deal that could be worth as much as $3 million.
Indiana-based Zimmer Biomet Holdings Inc. has agreed to buy LDR Holding Corp. for about $1 billion in cash to add surgical technologies for the treatment of patients with spine disorders.
Indianapolis-based Kite Realty Group Trust is in merger talks with fellow retail landlord WP Glimcher Inc., Reuters reported late Wednesday, citing people familiar with the matter.