Over the last eight years, Eli Lilly relied on a three-decade company veteran to steer it through declining sales and a struggling product pipeline. Now, it’ll rely on another long-time executive for its next chapter.
The Indianapolis-based health insurer said its participation in the government's health insurance exchanges—a sore subject for the Obama administration that is trying to stop the acquisition—may be at stake.
Anthem Inc. told a federal court that its proposed $48 billion merger with rival health insurer Cigna Corp. will lower consumer costs and extend coverage to more people, in response to a U.S. lawsuit seeking to block the deal.
The Indianapolis hospital group and its Tennessee partner were able to reduce emergency room visits, inpatient admissions and readmissions, and increase the percentage of generic drugs under a new model of care.
The agreement by Indianapolis-based Anthem Inc. to sell its pharmacy-benefits arm to St. Louis-based Express Scripts for $4.7 billion has turned the companies at each other’s throats, culminating in a multibillion-dollar legal battle that began early this year.