April 27 (Reuters) - Health insurer Anthem Inc, which is in the process of buying smaller rival Cigna Corp , reported a near 6.5 percent rise in quarterly revenue, as it added more members to its Medicaid plans.
The company's net income fell to $703 million, or $2.63 per share, in the first quarter ended March 31, from $865.2 million, or $3.09 per share, a year earlier.
Exluding items the company earned $3.46 per share.
Total revenue rose to $20.29 billion from $19.05 billion. (Reporting by Amrutha Penumudi in Bengaluru; Editing by Shounak Dasgupta)