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Health Care Service Corp Acquires Cigna's Medicare Business for $3.7 Billion

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Source: USA TODAY
Health Care Service Corp Acquires Cigna's Medicare Business for $3.7 Billion
Photo: USA TODAY
TL;DR

Health Care Service Corporation is set to acquire Cigna's Medicare business for $3.7 billion, gaining control of Cigna's Medicare Advantage, Supplemental Benefits, and Part D customers, as well as the CareAllies business. The deal includes Cigna's Evernorth Health Services unit providing pharmacy benefits for four years. Cigna's CEO cited the need for sustained investment and dedicated resources for their Medicare businesses, while the acquisition is expected to bring opportunities for Health Care Service and its members. The deal is anticipated to close in the first quarter of 2025.

Topics:businesshealthcare-business#acquisition#cigna#health-care-service-corporation#healthcare-business#healthcare-industry#medicare
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  1. Health Care Service to buy Cigna Medicare business in $3.7 billion sale  USA TODAY
  2. CT-based health insurer Cigna to sell certain businesses for $3.7 billion  Hartford Courant
  3. Cigna, Health Care Service Corporation agree to Medicare deal  Modern Healthcare
  4. Health Care Service Corp to buy Cigna Medicare Advantage plans  STAT
  5. Cigna Sells Medicare Business to Health Care Service Corp. for $3.3 Billion - WSJ  The Wall Street Journal

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