Anthem to buy Cigna to create biggest U.S. health insurer

July 24, 2015 12:54 PM

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Anthem to buy Cigna to create biggest U.S. health insurer

Anthem Inc said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership.

The deal — the biggest ever in the health insurance industry — comes three weeks after Aetna Inc agreed to buy Humana Inc for $37 billion and is part of an industry-wide consolidation following the roll-out of President Barack Obama's healthcare law.

Also read: The GOP's Obamacare 'Repeal-And-Delay' Plan Is A Slow Motion Disaster

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