Press Release

  • Grand News Network
  • November 6, 2023

Healthcare Insurance Giant Cigna Mulls Offloading Medicare Advantage Business

Cigna Corporation (NYSE: CI) is reportedly contemplating the sale of its Medicare Advantage business and working with an investment bank to explore options for a business that could be worth billions, according to Reuters.

The move follows a decade of expansion in the sector, including the acquisition of HealthSpring for $3.8 billion in 2011, and could signal Cigna's response to a challenging reimbursement environment. 

Also Read: Cigna Reports $1.4B Q3 Profit On Health Plan, Evernorth Growth; Lifts ...

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