HCSC Successfully Acquires Cigna Group's Medicare and CareAllies Divisions to Expand Coverage Across the U.S.

HCSC's Acquisition of Cigna's Medicare and CareAllies Businesses

In a significant move to enhance healthcare services across the United States, Health Care Service Corporation (HCSC) has finalized its acquisition of The Cigna Group's Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies businesses, which was initially announced previously. This acquisition aligns closely with HCSC's mission to broaden access to quality healthcare, especially for aging adults who increasingly require comprehensive health solutions.

Maurice Smith, the CEO, President, and Vice Chair of HCSC, expressed enthusiasm about the deal, stating, "This transaction is fully aligned with our mission of expanding access to quality health care by adding capabilities and deepening our geographic presence across the United States." Smith highlighted the growing health and wellness requirements of older Americans and the essential role HCSC aims to play in supporting seniors to lead healthier and more fulfilling lives.

The completion of this acquisition marks a new chapter for HCSC, which is now empowered to serve approximately 26.5 million people nationwide, including about 4.3 million Medicare members. The company is confident that its enriched portfolio of platforms and innovative solutions will meet the diverse health needs of its expanding member base.

As part of the transition, The Cigna Group will maintain its pharmacy benefit services and other related solutions for Medicare members via Evernorth Health Services, following service agreements stipulated for a specific duration post-acquisition. David M. Cordani, Chairman and CEO of The Cigna Group, voiced confidence in HCSC's capability to uphold the quality and positive impact delivered through their Medicare operations. He stated, "We are proud of the positive impacts we've made in people's lives and are confident that HCSC will continue the meaningful work we've done for these customers."

The integration of Cigna’s Medicare services into HCSC's operations is designed to be seamless, ensuring no disruption in services for customers, clients, providers, and brokers associated with the Medicare or CareAllies businesses. Members can expect continuity in their coverage, reaffirmed by the assurance from HCSC for no abrupt changes to their existing services. Seniors or Medicare members seeking clarification on their coverage are encouraged to use the contact number located on their member ID card.

HCSC's comprehensive approach aims not only at enhancing service availability but also at embracing an ethos of compassion and innovation across its healthcare offerings. The merged entities are committed to delivering holistic health solutions that cater to the entire well-being of their members. With this acquisition, HCSC reinforces its position as the largest customer-owned health insurer in the United States, with diverse products ranging from employer-sponsored coverage and individual health plans to Medicaid and Medicare options.

As the healthcare landscape continues to evolve, this strategic acquisition positions HCSC to stay ahead in delivering vital health services, catering efficiently to the growing demographics of seniors in America, and providing them with essential support for healthier living.

The pathway ahead promises more growth and development for HCSC as they welcome new members and integrate new capabilities to serve their clientele better. With a solidified commitment to quality healthcare and member-focused services, HCSC is poised to play a pivotal role in the healthcare industry for years to come.