Anthem Sets Merger With Cigna

Washington — Anthem, the nation’s second-largest health insurer by revenue, will acquire Cigna, the nation’s fifth largest, the companies announced Friday, creating a health insurance behemoth that raises fresh questions about competition in the industry. The $54.2 billion deal will create the largest private health insurer as measured by the number of members. It values Cigna at $188 per share, a 38 percent premium from its closing...

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