Is Cigna (CI) Nearing a Medicare Advantage Divestment Deal?

The Cigna Group (CI) is reportedly in advanced talks to divest its Medicare Advantage business. Per a Wall Street Journal report, Health Care Service Corporation is expected to acquire the business from Cigna in a deal that can be valued at $3-$4 billion. Shares of CI fell 2.1% yesterday.The potential acquirer, Health Care Service Corporation, is a Blue Cross Blue Shield licensee in five states, including Illinois and Texas. An announcement regarding the deal is expected to be made within the coming days. L ...