Swedish: Anthem’s commitment to Cigna deal ‘as strong as ever’
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.
Mergers & Acquisitions
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Feds rip Anthem’s service, warn of price increases in antitrust suit
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.
Feds sue Anthem, Cigna to block $48B merger
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.
Insurance commissioner says she has no conflict in merger
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.
Top U.S. health official emphasizes need for insurer competition
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.
Anthem-Cigna meltdown might spark deals for smaller health plans
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.
City Securities’ lesser-known sibling sells
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.
Anthem denies report about Cigna merger, says deal still ‘compelling’
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.
Ohio retail owner denies merger discussions with Kite Realty
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.
Troubled home health care provider Nightingale to sell itself
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.
Zimmer Biomet to buy LDR for $1B to add spine devices
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.
Report: Kite Realty in merger talks with Ohio-based retail REIT
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.
Salesforce buying Demandware for $2.8B in commerce push
If completed, the acquisition would be the largest ever for Salesforce, topping its $2.5 billion purchase of Indianapolis-based ExactTarget Inc. in July 2013. Salesforce has about 1,400 employees in central Indiana.
Local tax-appeal software firm acquired by San Diego company
AppealTrack, a six-year-old Indianapolis-based firm, has been acquired by San Diego-based software developer Tax Compliance Inc., the companies announced Wednesday.
Staples, Office Depot scrap merger after judge blocks deal
Staples and Office Depot on Tuesday called off their planned $6.3 billion merger after a federal judge blocked the deal, saying the combination would likely hurt competition in office supplies. The chains have about 15 Indianapolis-area stores.
Westfield metal-products manufacturer sold to New York firm
Metal Powder Products, a Westfield-based manufacturer, has been acquired by New York-based private equity firm Millstein & Co., the companies announced Monday.
Tribune adopts shareholder rights plan to fend off Gannett
Fending off an unsolicited takeover by the owner of USA Today and The Indianapolis Star, Chicago’s Tribune Publishing has adopted shareholder rights plan, a so-called “poison pill.”
Cigna says deal with Anthem may not happen this year
An analyst said the delay could be a sign of trouble for the acquisition.
Sale of local medical-device maker could bring $200 million
PTS Diagnostics, with about 150 employees in Indianapolis, said Monday it has entered a definitive agreement to be acquired by China-based Sinocare Inc.
Massive merger of pawn operators includes 18 Indy locations
The No. 1 player in the U.S. pawn shop market has agreed to buy the No. 3 firm for about $994 million in stock as a regulatory crackdown reshapes the non-bank lending industry.