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Anthem Blue Cross’ Parent Company Proposes to Acquire Cigna Corporation

Jun 24, 2015

On Saturday, June 20, Anthem Blue Cross' parent company announced that it has submitted a non-binding proposal to acquire Cigna Corporation (NYSE: CI) for $184 per share in cash and stock. The proposed combination would create a premier global health benefits company with critical diversification and scale to lead the transformation of health care delivery for consumers.

As you know, our industry is changing rapidly. Carrier relationships with brokers, employers, health care providers, managed care companies, and the public are all shifting in this new environment. Combining the complementary strengths of Cigna and Anthem's parent company creates a diversified platform that can seize on new opportunities and meaningfully compete across product lines and geographies. The combined company would be more efficient, focused and better able to deliver solutions that simplify health care processes and improve health care quality and affordability.

Anthem is very excited about the opportunities this combination would create, and looks forward to sharing more information with you in the future. For now, however, it is important to recognize that Anthem's proposal is conditioned on the negotiation of a definitive agreement with Cigna, and there is no guarantee that a transaction will occur.

For details and more information, please see the pre​ss release.

For questions, please ​contact a member of your b&p Sales Team - 888.722.3373.

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