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Indianapolis-based Anthem, a Blue Cross and Blue Shield insurer, will acquire Cigna for $188 per share, the health insurance companies recently announced. The deal, including Cigna’s debt, is worth $54.2 billion. It is the largest ever health insurance transaction, based on enrollees. The merged insurer will cover 53 million members. The transaction is expected to close in the second quarter of 2016.

This was reported by Modern Healthcare on July 24, 2015.

Contact Information: Jill Holliday, Business Communications Specialist, Cigna Corporation, 900 Cottage Grove Road, Bloomfield, CT 06002; 860-226-2094; E-mail: jill.holliday@cigna.com; Website: www.cigna.com

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