Healthcare DIVE March 20, 2025
The deal, which removes Cigna from the volatile Medicare Advantage market, closed a little over a year after being announced.
Dive Brief:
- Cigna has completed the sale of its Medicare businesses to Health Care Service Corporation for a combined transaction value of $3.7 billion, the health insurers announced Wednesday.
- The deal gives HCSC Cigna’s Medicare Advantage, Medicare prescription drug and Medigap plans, along with CareAllies, a business that helps providers transition to value-based care. In total, it expands HCSC’s patients served from 22 million to 26.5 million, according to the company.
- As for Cigna, the deal allows the insurer to fully exit a business that’s borne the brunt of rising costs and refocus on its core employer-sponsored coverage. Cigna...
Today's Sponsors
Today's Sponsor