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Cigna is close to a $4.0 billion deal to sell its Medicare Advantage unit
CICigna(CI) Invezz·2024-01-03 19:07

Cigna Group (NYSE: CI) is now in advanced talks to sell its Medicare Advantage unit to Healthcare Services Group Inc (NASDAQ: HCSG). Its shares are down more than 1.0% at writing.Cigna-HCSG deal could be worth up to 4.0billionCopylinktosectionAnonymoussourcestoldtheWallStreetJournalonWednesdaythatthetwocompaniesareinexclusivenegotiationswhichcouldleadtoa4.0 billionCopy link to sectionAnonymous sources told the Wall Street Journal on Wednesday that the two companies are in exclusive negotiations which could lead to a 3.0 billion to $4.0 billion deal. Such an agreement, they added, will likely be announced in the coming days provided that discu ...