Becker's Healthcare March 19, 2025
Cigna has closed the sale of its Medicare Advantage business to Health Care Service Corp.
The sale includes The Cigna Group’s MA, Medicare Part D and supplemental benefits businesses, according to a March 19 news release. HCSC will also acquire CareAllies, Cigna’s value-based care management subsidiary.
The deal was first announced in January 2024. HCSC agreed to purchase Cigna’s Medicare assets for $3.3 billion. Cigna plans to use the majority of the proceeds from the sale for stock repurchases.
Cigna will...
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