AHA Urges Skepticism In $54B Anthem-Cigna Merger Review
Law360, New York (August 6, 2015, 4:52 PM EDT) -- The American Hospital Association is attacking Anthem Inc.'s proposed $54 billion acquisition of Cigna Corp., telling the U.S. Department of Justice on Wednesday that the deal may be hopelessly anti-competitive no matter how it is structured.
In a 13-page letter to the DOJ's Antitrust Division, the AHA offered a detailed analysis of how the Anthem-Cigna tie-up could play out in markets around the country, and it preemptively rebutted likely arguments in favor of the deal. The association, while not explicitly asking the DOJ to oppose Anthem's purchase, questioned whether expected requirements to divest certain blocks of business will do enough to...
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