NEW YORK: US health insurer Anthem Inc said it had offered US$46bil in cash and stock for smaller rival Cigna Corp but that the deal was stalled over Cigna CEO David Cordani’s role in the merged company.
The announcement comes as the biggest US health insurers seek acquisitions to boost membership in government-paid healthcare plans and the employer-based insurance that is Cigna’s specialty. They say being bigger can help them negotiate for better prices and improved networks of doctors.
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