Anthem Makes $47 Billion Offer for Rival Cigna

June 20, 2015 6:44 PM

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Anthem Makes $47 Billion Offer for Rival Cigna

One of the biggest health insurers in the country, Anthem, on Saturday announced an offer to acquire a rival, Cigna, for more than $47 billion in cash and stock.

Driving the push to get bigger has been the Obama administration’s overhaul of health care. That has bolstered revenues, yet at the same time profit margins have come under pressure in the face of greater pricing transparency and a drop in Medicare Advantage funding.

Also read: Hochtief Launches $22 Billion Bid for Spain’s Abertis

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