After antitrust concerns scuttled health care mergers in 2017—including Cigna’s $54 billion deal with Anthem—America’s fourth largest health insurer faced an uncertain future. While some of its rivals pulled out of the public Obamacare marketplaces due to profitability pressures, Cigna has largely stayed the course. And in March, the company finally scored the deal it was waiting for, agreeing to buy Express Scripts for $52 billion. Although the merger still must pass muster with regulators, the addition of Express Scripts, could more than triple Cigna’s revenue.
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News about Cigna
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Another move toward consolidation between insurers and the companies that oversee drug benefits.
The $69 billion health care merger could transform the industry and patient care.
Aetna shareholders will own about 22% of the combined company. CVS shareholders will own the rest.