HCSC Acquiring Cigna’s Medicare Units

HCSC will acquire Cigna's Medicare units, including Medicare Advantage, Medicare supplement and Medicare drug plans for $3.3 billion. Cigna's size in the MA business is rather small at about 600,000 beneficiaries compared with behemoth's in the space: Humana, UnitedHealth Group Inc. and CVS Health Corp. Click here for the press release from HCSC and here more information from the Wall Street Journal. Cigna posted $1 billion in profit and $51.1 billion in revenue for Q4, which both surpassed Wall Street's expectations, click here.