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HCSC completes acquisition of Medicare businesses from Cigna

PRIVATEMar 19, 2025

Acquiring Company

Health Care Service Corporation

Acquired Company

Cigna Group

ChicagoBloomfieldHealth CareHealth Care

Description

Health Care Service Corporation has successfully completed the acquisition of The Cigna Group's Medicare Advantage, Supplemental Benefits, and related businesses. This strategic move aims to enhance HCSC's capabilities and geographic presence in the health care market. The transaction is set to support HCSC's mission of expanding access to quality health care for seniors.

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Company Information

Company

Health Care Service Corporation

Location

Chicago, Illinois, United States

About

Health Care Service Corporation is the country's largest customer-owned health insurer, with nearly 17.5 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association.

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Frequently asked

Who acquired Cigna Group?

Cigna Group was acquired by Health Care Service Corporation, based in Chicago. The deal was reported on March 19, 2025. Health Care Service Corporation is the country's largest customer-owned health insurer, with nearly 17.5 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. Health Care Service Corporation is privately held and operates in Health Care.

When did Health Care Service Corporation acquire Cigna Group?

Health Care Service Corporation's acquisition of Cigna Group was reported on March 19, 2025. Health Care Service Corporation has successfully completed the acquisition of The Cigna Group's Medicare Advantage, Supplemental Benefits, and related businesses. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cigna Group do?

Cigna, a global health service company, offers health, pharmacy, dental, supplemental insurance, and Medicare plans to individuals, families, and businesses. It is publicly traded (CI), operating in Health Care, and is based in Bloomfield.

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