Health Care Service Corporation Acquires Cigna's Medicare Businesses
March 19, 2025
Health Care Service Corporation (HCSC) completed the acquisition of The Cigna Group’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses. The divestiture streamlines Cigna’s portfolio and provides HCSC with expanded Medicare capabilities and geographic presence across the United States; Cigna intends to deploy proceeds largely for share repurchases.
- Buyers
- Health Care Service Corporation (HCSC)
- Targets
- Medicare Advantage business (The Cigna Group), Cigna Supplemental Benefits business, Medicare Part D business (The Cigna Group), CareAllies
- Sellers
- The Cigna Group
- Industry
- Healthcare Services
- Location
- Connecticut, United States
- Transaction Type
- Divestiture
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