There is a major headline surfacing in the healthcare industry this week. Cigna ended their merger with agreement with Anthem on Tuesday. Cigna released that they are seeking over $13 million in damages from Anthem on top of the $1.85 billion break-up fee that was outlined in their initial contract.
Livingston writes, "The Bloomfield, Conn.-based insurer said the planned $54 billion merger,
which was blocked by a federal district court last week on
anti-competitive grounds, “cannot and will not achieve regulatory
approval” and that calling it off is best for its shareholders."
Shelby Livingston of Modern Healthcare wrote a tactful summary of this developing story. Read the full article HERE!
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