Did You Hear About Cigna????

 

• In January 2024, Cigna announced the sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses to Health Care Service Corporation (HCSC) for $3.7 billion. The deal is expected to close in Q1 2025.
• This move signals Cigna's strategic shift towards focusing on its global health services portfolio rather than expanding further in the Medicare space.

2. Life, Accident, and Supplemental Benefits Businesses in 7 Countries:

• In 2022, Cigna sold its life, accident, and supplemental benefits business in seven countries (Hong Kong, Indonesia, Korea, New Zealand, Taiwan, Thailand, and Turkey) to insurance company Chubb for $5.75 billion.
• This divestiture reflected Cigna's intention to consolidate its healthcare-focused businesses and invest in them as its core.
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