LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Anthem, Inc. (NYSE: ANTM), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ANTM. The Company announced on September 20, 2017, that it has signed an agreement to acquire HealthSun, a Florida based health insurer. The financial details and other terms of the transaction were not revealed by any of the companies. The acquisition would allow Anthem to expand its presence in the Florida health insurance market especially for Medicare Advantage products. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ANTM. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=ANTM

The deal

Anthem has acquired HealthSun from a consortium of investors led by Summit Partners, a global alternative investment firm. The acquisition will allow Anthem to gain access to HealthSun's fast-growing Medicare Advantage plan and its network of primary care centers and doctor practices. The transaction is expected to close in Q4 2017 and is subject to receipt of approvals from state and federal regulators and other closing conditions. Anthem expects that the acquisition to be slightly accretive to earnings in FY18. The acquisition is Anthem's first deal after its proposed merger with Cigna Corp. failed to fructify due to a Federal Court ruling based on competition issues raised by antitrust regulators.

Commenting on the acquisition Joseph R. Swedish, Chairman, President and CEO of Anthem, said:

"The acquisition of HealthSun, which offers a unique integrated care delivery model serving mainly dual-eligible (Medicare and Medicaid) members, fits well with our plans for continued growth in the Medicare Advantage and dual-eligible populations. In addition, the HealthSun acquisition will further the industry-leading commitment of Anthem's affiliated health plans in offering a wide variety of value-based care models that benefit our members through high-quality care and improved outcomes."

Peter D. Haytaian, Executive Vice President, President, Government Business Division of Anthem, added:

"We are excited about the addition of HealthSun as we believe their unique integrated delivery system will be an important asset that drives our continued success in Florida. In addition, this acquisition is consistent with our goal to build industry-leading capabilities to serve this country's most vulnerable citizens. With the addition of HealthSun, Anthem's affiliated Medicare and Medicaid plans will now serve more than 650,000 members in Florida."

About HealthSun

Coconut Grove, Florida based HealthSun was founded in 2005 and is a privately owned local Medicare Managed Care Organization. It is one of the fastest growing health plans in South Florida. HealthSun currently has approximately 40,000 members under its Medicare Advantage plans and are mostly concentrated in the Miami-Dade and Broward counties in Florida. HealthSun has been recognized for providing superior care coordination and better health outcomes for its members through a network of 19 wholly owned Pasteur and WellMax primary care and specialty centers as well as a complementary network of unaffiliated medical centers. Apart from primary care clinics, HealthSun is also supported by a network of physician specialists and is known for integrated medical cost management. Centers for Medicare and Medicaid (CMS) gave HealthSun 4.5 stars in their ratings for the 2017 and 2018 reimbursement years.

About Anthem Inc.

Indianapolis, Indiana based Anthem in one of the top-most health insurance Companies in the US and is working to transform health care with trusted and caring solutions. Anthem Inc. is comprised of several insurance Companies, one of the largest of which is Anthem Insurance Companies, Inc. Through its affiliated health plans, Anthem Cos. deliver several leading health benefit solutions through a broad portfolio of integrated health care plans and related services, along with a wide range of specialty products such as life and disability insurance benefits, dental, vision, behavioral health benefit services, as well as long-term care insurance and flexible spending accounts. Anthem has over 40 million members for its health plans. It is also an independent licensee of the Blue Cross and Blue Shield Association.

Last Close Stock Review

On Thursday, September 21, 2017, the stock closed the trading session at $183.50, slightly up 0.01% from its previous closing price of $183.49. A total volume of 1.60 million shares have exchanged hands, which was higher than the 3-month average volume of 1.49 million shares. Anthem's stock price soared 10.96% in the past six months and 42.70% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 27.63%. The stock is trading at a PE ratio of 17.36 and has a dividend yield of 1.53%. At Thursday's closing price, the stock's net capitalization stands at $48.23 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily