Anthem filed the motion in Delaware’s Chancery Court April 19. According to a brief obtained by Law360, a hearing is slated for May 8 regarding the preliminary injunction.
Under the payers’ acquisition agreement, Anthem owes Cigna a $1.85 billion breakup fee if the payers don’t complete a merger by April 30. A federal appeals court has yet to rule on the companies’ appeal of the DOJ’s February decision to block their deal.
More articles on payer issues:
39% of health plans don’t provide price transparency tool, survey says
Tufts Health Plan wins 5-year contract to manage Rhode Island’s Medicaid program
KFF: Insurers’ 2017 financial performance may ‘significantly’ improve on individual market
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
