Health Care Service Corporation has successfully acquired The Cigna Group's Medicare and CareAllies businesses to enhance its service capabilities and market presence.

Target Information

Health Care Service Corporation (HCSC) has successfully completed the acquisition of The Cigna Group’s Medicare and CareAllies businesses. This strategic move encompasses a variety of Medicare services, including Medicare Advantage, Medicare Supplemental Benefits, and Medicare Part D. Maurice Smith, HCSC’s CEO, emphasized that this acquisition is a key step in expanding access to quality health care and enhancing HCSC's geographic footprint across the United States.

With this acquisition, HCSC aims to address the growing health and wellness needs of older Americans. With a focus on empowering seniors to lead healthier lives, HCSC is poised to welcome not only new Medicare members but also the dedicated employees who have been instrumental in providing great care to these individuals.

Industry Overview

The Medicare sector in the United States is experiencing significant growth, driven by an aging population and increasing demand for specialized health care services. As of now, the Medicare program serves millions of elderly individuals, ref