UPDATE 2-Anthem profit beats on lower medical costs, raises forecast [Reuters (UK)]
Anthem, Inc. (ANTM)
Last anthem, inc. earnings: 4/29 06:00 am
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Source: Reuters
Anthem profit beats on lower medical costs, raises forecast | Reuters 3 Min Read (Reuters) - Anthem Inc ( ANTM.N ) reported a better-than-expected quarterly profit on Wednesday as it kept a tight leash on patient payouts, prompting the health insurer to raise its full-year profit forecast. The company said it was prioritizing investments throughout 2018 on infrastructure that can quickly respond to the evolving needs of its customers - a sign it may continue to steer clear of major acquisitions. The healthcare sector has been rapidly consolidating over the past year with companies looking for new ways to bolster profits as the industry faces greater scrutiny for rising costs. Rival Aetna Inc ( AET.N ) is expected to be bought for $69 billion by pharmacy chain CVS Health Corp ( CVS.N ) and Cigna Corp ( CI.N ) has proposed acquiring Express Scripts ( ESRX.O ), the largest U.S. independent pharmacy benefit manager, for $54 billion. Last year, Anthem announced a plan to launch an
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