Mergers & Acquisitions
Insurer hopes new Department of Justice could be more favorable to the merger.
Anthem vows to hold Cigna to the merger agreement and says it remains committed to closing the transaction.
The decision also voids Aetna's previously announced agreement to sell certain Medicare Advantage assets to Molina Healthcare.
University Hospitals' entrance comes a little more than a year after they opened a new level-one trauma center.
On Jan. 23, a federal court ruled against Aetna's proposed $37 billion merger with Humana.
Judge ruled the merger could hurt competition for large, national accounts.
DOJ alleged that subsidiary IPC pressured physicians to bill for higher levels of service than what was provided.
Insurer may not agree to Anthem merger deadline extension until court ruling comes out.
Officials of the two systems have talked about a merger for years, but had never signed a letter of intent, citing leadership structure as one of the primary reasons.
Two providers plan to open 15 co-branded centers beginning in spring 2017 during the first 18-month phase of their partnership.