Advertisement

M&A

Moody’s has downgraded Health Care Service Corporation’s insurance financial strength rating to A3 from A2 following the company’s acquisition of Cigna’s Medicare business on March 19. Moody’s cited likely challenges with the integration of the MA business into the company’s…

Cigna has closed the sale of its Medicare Advantage business to Health Care Service Corp.  The sale includes The Cigna Group’s MA, Medicare Part D and supplemental benefits businesses, according to a March 19 news release. HCSC will also acquire…

Advertisement

Little Rock-based Arkansas Blue Cross and Blue Shield is discussing a potential merger with Cambia Health Solutions, Arkansas Business reported Jan. 21. 

Advertisement