Anthem, Inc. (NYSE:ANTM) entered into an agreement to acquire America’s 1st Choice from Kiran Patel on October 24, 2017. Anthem, Inc intends to use proceeds of $5.5 billion from the sale of senior unsubordinated unsecured notes to fund the transaction. The transaction is subject to approvals from state and federal regulatory authorities, standard closing conditions and customary approvals required under the Hart-Scott-Rodino Antitrust Improvements Act. As of November 30, 2017, Federal Trade Commission granted early termination notice on the transaction. The deal is expected to close in the first quarter of 2018 and is expected to be slightly accretive to earnings in 2018. Cravath, Swaine & Moore acted as legal adviser to Centerview Partners LLC, who acted as financial advisor while White & Case LLP acted as legal advisor for Anthem. Moelis & Company acted as financial advisor and Foley & Lardner LLP acted as legal advisor to America’s 1st Choice and its investors. SunTrust Robinson Humphrey acted as financial advisor for America’s 1st Choice.