The DOJ just approved Cigna’s $67 billion merger with Express Scripts (ESRX, CI)

The Department of Justice just cleared Cigna‘s $ 67 billion merger with Express Scripts. The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans. Cigna and Express Scripts said Monday that they expect the deal to close by the […]

Cigna’s profit sees a boost from strength in its commercial business (CI)

Thomson Reuters (Reuters) – Cigna Corp, which is awaiting a ruling on the U.S. government’s lawsuit to block its acquisition by Anthem Inc, reported a better-than-expected quarterly profit, helped by strength in its commercial business. Cigna manages insurance plans for large corporations and sells health plans on the government exchanges created under Obamacare. The health […]