Cigna is selling its Medicare Advantage, supplemental benefits, Medicare Part D, and CareAllies businesses to Health Care Service Corporation (HCSC) for $3.7 billion. This move is expected to close in early 2025 and will reduce the regulatory challenges Cigna might face if it were to combine with Humana. HCSC is a licensee of the Blue Cross and Blue Shield Association in several states. The sale could potentially pave the way for Cigna to acquire Humana. Industry experts believe the sale makes sense and opens up opportunities for future acquisitions. Cigna’s chairman and CEO believes the deal will bring meaningful value and allow the company to grow its Evernorth Health Services business.
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Cigna MA Sale to HCSC Could Still Clear Way for Humana Acquisition, Expert Says
