Cigna has responded to the U.S. Department of Justice’s (DOJ) decision to challenge its merger with Anthem.
In a statement released yesterday, Cigna said that "given the nature of the concerns raised by the DOJ and the overall status of the regulatory process, which under the terms of the merger agreement was led by Anthem, Cigna is currently evaluating its options consistent with its obligations under the agreement."
Cigna said due to the DOJ action, it did not foresee the transaction closing this year. The earliest it could close would in 2017, if it were to be completed.
"Since
announcing the transaction, Cigna has remained focused on delivering value to
our clients and customers, building on our track record of strong financial
results and growing our businesses in the U.S. and abroad," Cigna stated. "Cigna has remained
strong by continuing to invest in innovative solutions to advance the goals of
better health, affordability and personalized experience for our clients and
customers and continuing to advance innovative approaches to care management, including
expansion in collaborative value-based care arrangements with health care
professionals across the care delivery spectrum, and designing effective
health, wellness and engagement programs for our customers.”
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