The Cigna Group in its $3.7 billion sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D and CareAllies businesses to Health Care Service Corporation
On January 31, 2024, The Cigna Group (NYSE: CI) announced that it has entered into a definitive agreement whereby Health Care Service Corporation (HCSC) will acquire The Cigna Group’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D and CareAllies businesses, for a total transaction value of approximately $3.7 billion.
Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Cigna.
