DOTmed January 5, 2024
Health insurer Cigna Group has reportedly found a potential buyer for its Medicare Advantage business in Health Care Service Corp, with the two in exclusive talks for a deal valued between $3 billion and $4 billion.
An anonymous source familiar with the matter told The Wall Street Journal that the two are expected to announce the sale in the coming days.
A Blue Cross Blue Shield licensee, HCSC manages plans for more than 18.6 million members in Illinois, Montana, New Mexico, Oklahoma, and Texas. The company told Reuters that it does not comment on “rumor or speculation.”
Cigna, which has been rumored to be looking for a buyer for the business since November, did not respond for comment. It also...
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