The company said it completed the sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D and CareAllies businesses to Health Care Service Corporation on March 19, 2025.

1. 01

   The company said it completed the sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D and CareAllies businesses to Health Care Service Corporation on March 19, 2025.

2. 02

   Cigna said it will use the sale proceeds in line with its capital deployment priorities, with the majority expected to go to share repurchases.

3. 03

   The Cigna Group said it will continue to provide pharmacy benefit services and other solutions to the Medicare businesses through Evernorth Health Services under services agreements with HCSC for an agreed period after closing.

4. 04

   Cigna said the transaction is not expected to disrupt coverage or service for customers, clients, providers or brokers of the Medicare or CareAllies businesses, and that coverage continues unchanged.

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Original filing

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