Anthem Announces Definitive Agreement to Acquire Cigna Corporation

  • Combination will create the premier health services company with critical diversification to lead the transformation of health care for consumers by enhancing health care access, quality and affordability
  • Cigna shareholders receiving consideration of $103.40 per share in cash and 0.5152 shares of Anthem stock in exchange for each Cigna share, reflecting a value of $188.00 based on Anthem’s unaffected share price as of May 28, 2015
  • Combination expected to drive adjusted earnings per share accretion approaching 10% in year one, with accretion more than doubling in year two
  • The combined company will cover approximately 53 million medical members with well positioned commercial, government, consumer, specialty businesses along with a market-leading international franchise

What the Supreme Court's Obamacare ruling means for Louisiana residents

Excerpt:

Jeffery A. Drozda, chief executive officer of Louisiana Association of Health Plans, said the court’s ruling creates stability for the individuals in Louisiana and nationwide who have been getting the subsidies.

“So it does create a lot of stability in the marketplace on the exchanges. It also provides some clarity on the ACA,” Drozda said.”However, it does not end the discussion of how we need to continue to address the issues that we have in health care, especially the high cost …. and the drivers.”

Those drivers include the cost for hospital care and prescription drugs, Drozda said.