塔拉哈西,ope体育手机版州. – The Florida Office of Insurance Regulation (Office) 有 发布了一个 同意令 approving, with additional requirements, 歌公司.’s (Anthem) application to acquire 100% of the 发布了一个nd outst而且ing voting securities of HealthSpring of Florida (d/b/a Leon Medical Centers Health Plans), Cigna Dental Health of Florida, 公司, 而且 Cigna Healthcare of Florida, 公司. The proposed acquisition of Cigna’s Florida companies is part of Anthem’s proposal to acquire the Cigna Corporation (Cigna).
The Office held a public hearing on December 8, 2015, 而且 received testimony from Anthem 而且 public comments regarding the acquisition. 另外, the Office conducted a survey of the various market segments impacted by the proposed acquisition. The Office economist reviewed this market data 而且 analyzed the materials submitted in support of the application, specifically focusing on whether the proposed acquisition would reduce competition. The economic analysis found that both companies, either individually or in combination, are not a dominant factor in the Florida market 而且 would not increase market concentration on a statewide basis. It also revealed that Anthem 而且 Cigna compete only in the Medicare Advantage product market 而且 “the combined entity would have a nonmaterial impact on competition”.
The only area of potential competitive concern with the acquisition was whether restrictions included in Anthem’s license agreement with the Blue Cross Blue Shield Association (BCBSA), would reduce competition in Florida. 在其许可证, Anthem is required to have at least two-thirds of its national business br而且ed as “Blue”. If the “Blue” business drops below this required limit, the concern is that this could limit growth of the Cigna companies. While at the time of the acquisition, Anthem would not meet this requirement, the market analysis revealed that as a result of the time allowed by BCBSA for Anthem to come back into compliance 而且 the number of options open to Anthem, this issue would not have a substantial impact on the companies ability to grow in Florida.
整体, the analysis finds that “there does not appear to be a meaningful adverse competitive effect as a result of the proposed acquisition, even under the most conservative estimation.”
Key aspects of the 同意令 include:
· An agreement by Anthem to continually monitor 而且 enhance its Information Security Program in order to mitigate data security breaches 而且 notify the Office within five business days should a breach occur.
· A requirement that Cigna’s Florida-based HMOs stay in compliance with capital 而且 surplus requirements 而且 Risk-Based Capital st而且ards.
The proposed acquisition of Cigna is still subject to review by the U.S. Department of Justice 而且 the Florida Attorney General, under st而且ards that may be materially different than those utilized by the Office. Anthem 而且 Cigna shareholders approved the proposed acquisition in December 2015.
Complete materials 而且 information are available on the Office’s “歌公司. 公开听证会” webpage 而且 from the company website of 歌公司.