Health Insurer Cigna To Be Bought By Rival Anthem

It looks like the consolidation in the health care industry is set to continue. According to knowledgeable sources who spoke to the Wall Street Journal, health insurance giant Anthem is in advanced negotiations to close a long-awaited deal for rival Cigna Corp. The transaction is expected to be valued at more than $48 billion, and together with another proposed merger will result in the five largest U.S. health insurers shrinking to just three.

The primary issues that were holding up the...

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