Reports: Cigna near deal to sell Medicare Advantage business to HCSC

Cigna is nearing a deal to sell its Medicare Advantage business to Health Care Service Corp., the Wall Street Journal reported Jan. 3.

The outlet previously reported both Elevance Health and HCSC were eyeing the business. People familiar with the deal told the Journal Cigna is in exclusive talks with HCSC to sell the Medicare Advantage business for between $3 and $4 billion.

Source: https://www.beckerspayer.com/m-and-a/reports-cigna-near-deal-to-sell-medicare-advantage-business-to-hcsc.html