Report: HCSC, Elevance Health Explore Purchase of Cigna’s Medicare Advantage Business

While its merger with Humana may have fallen through for now, Cigna is attracting plenty of interest for the rumored sale of its Medicare Advantage business, Bloomberg reported. Sources close to the matter told the outlet that Health Care Service Corp. and Elevance Health are “competing” to scoop up the MA segment. Cigna is expecting that the final bids will be submitted next week, according to the report. Cigna’s Medicare Advantage unit could sell for more than $3 billion, according to Bloomberg. The article noted that talks with HCSC and Elevance Health may not ultimately lead to a sale.

Read the full article: Report: HCSC, Elevance Health Explore Purchase of Cigna’s Medicare Advantage Business //

Source: https://www.fiercehealthcare.com/payers/report-hcsc-elevance-health-explore-purchase-cignas-medicare-advantage-business

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