Healthcare Finance News March 20, 2025
Transaction is estimated to be worth about $3.7 billion.
Health Care Service Corporation (HCSC) has completed its acquisition of Cigna’s Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses, in a deal that was originally announced over a year ago.
At the time the sale was announced, the transaction was estimated to be worth about $3.7 billion.
HCSC CEO, President and Vice Chair Maurice Smith said the transaction will enable the company to expand its geographic presence across the United States.
“We recognize that the health and wellness needs for older Americans are growing, and we plan to have an important role in helping seniors live healthier, fuller lives,” said Smith by statement. “We are excited to welcome...
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