Cigna Completes HealthSpring Acquisition

Health insurer Cigna has completed its acquisition of HealthSpring, which was one of the largest Medicare Advantage plans in the country, according to a Cigna news release.

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The deal will add more than 1 million people to Cigna’s rolls.

Cigna first announced it would purchase HealthSpring in October. The deal, which received antitrust approval in November, is estimated to be worth $3.8 billion. Cigna will announce its fourth quarter and 2011 full-year earnings this week.

Related Articles on Cigna:

Cigna-HealthSpring Transaction Receives Antitrust Approval

Cigna to Offer 15M Shares to Help Fund HealthSpring Purchase

Cigna to Purchase HealthSpring for $3.8B

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