'Options Open' For Potential Anthem Mergers, Acquisitions

Posted: Updated:
INDIANAPOLIS -

Two months after a proposed $54 billion merger fell apart with Cigna Corp. (NYSE: CI), the chief executive officer of Indianapolis-based Anthem Inc. (NYSE: ANTM) says the insurer will "keep options open" for other opportunities. During a conference call with investors Wednesday morning, Joe Swedish said "broadly-speaking," growth through M&A is still a significant long-term strategy. He used Anthem's 2015 acquisition of Florida-based insurer Simply Healthcare Holdings Inc. as a prime example of a beneficial situation.

"We're very mindful of the fact that scale does matter in this pursuit," Swedish said. "We will continue to very carefully examine the marketplace to assess our optionality, our targets and hopefully create fits that are really synergistic with respect to how we're best going to serve the marketplace."

During the call following the release of Anthem's second quarter earnings report, Swedish also discussed the changing landscape and continued uncertainty of the regulatory environment for the insurance industry. He said officials have been keeping tabs "by the hour" on what's going on in Washington, which includes yesterday's narrow approval in the Senate of a procedural move to go forward with potential repeal or adjustments of the Affordable Care Act and a subsequent proposal that was voted down hours later. Swedish believes stabilizing the insurance markets could be possible in the future and his team has suggested "ingredients" that could create regulatory fixes to so-called Obamacare. He says it's still "anybody's guess" about the form any potential changes will take.

"We're very hopeful and we do believe that stabilization is a distinct possibility." Swedish added "obviously, as I've said, we'll continue to make the necessary contributions for our voice to be heard as well as the voice of the industry overall."

Anthem Chief Executive Officer Joe Swedish says the company is assessing the market carefully.
  • Perspectives

    • Creating the Work Spaces that Draw Talent to Indianapolis

      The future economy will be driven by data, powered by robotics and heavily invested in the building blocks of nature – biotech and genetic engineering. That’s true of the economy nationwide, and it’s especially true here in Indianapolis, where dominant pharmaceutical and biotech companies are putting us at the cutting edge of the science-based economy. It all sounds larger than life. But the facilities that will house these industries will always be...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Allison and Stanley Chen provided the lead gift for the campaign. (Provided Photo/ISI)

      International School Launches Capital Campaign

      The International School of Indiana has publicly launched a capital campaign to establish a unified campus in Indianapolis. As part of the ONE ISI campaign, the school is looking to raise $6.5 million to build a new school building for pre-elementary and elementary students at the site of its middle and high schools. The public launch follows a 10-month silent phase of the campaign, during which ISI raised $5 million from more than two dozen donors. Currently, ISI's operations are...

    • Amanda Stephenson is the founder and president of Expert RN|MD. (Inside INdiana Business Photo/Mary-Rachel Redman)

      Medical Consulting Firm Opens Downtown Indy HQ

      A medical consulting startup is celebrating the grand opening of its new downtown Indianapolis headquarters. The Indiana Economic Development Corp. says Expert RN|MD, which provides medical consultation services to law firms and life science companies, is investing $1.7 million in the new location and plans to create up to 21 jobs by the end of 2023. The firm was founded in 2018 and recently renovated the 4,000-square-foot space in the downtown's Wholesale District. In an interview...

    • Lt. Governor Suzanne Crouch will be on hand for the announcement.

      Jobs Announcement Set for Indy

      City and state officials will Wednesday make a jobs announcement in downtown Indianapolis. Few details are available, however the Indiana Economic Development Corp. says leaders from an Indianapolis-based startup will be involved.

    • The person selected will fill the vacancy on the ballot left by Mike Pence.

      Vice President Pence to Visit Indy for Free-Trade Discussion

      Vice President Mike Pence will return to Indianapolis on Sept. 26 at an event to discuss the free trade agreement with Canada and Mexico. A panel will discuss the United States-Mexico-Canada Agreement, or USMCA, starting at 12:15 p.m. Sept. 26 at MacAllister Machinery, 6300 Southeastern Ave.

    • Money magazine judges Fishers as 3rd best place to live in the U.S.

      Fishers Makes Top 10 List of 'Best Places to Live'

      Three communities in Indiana made the top 100 list of best places to live in the country, but only one made the top 10. Fishers was judged by Money magazine as the third best place to live in the United States, behind Clarksville, Tennessee and Round Rock, Texas.