The sale was first reported on in August. Cigna’s decision to spin off the business comes as the insurer turns a greater focus toward healthcare after its acquisition of pharmacy benefits manager Express Scripts.
Pending regulatory approval, the deal is expected to close in the third quarter of 2020.
More articles on payers:
Ex-BCBS Association CMO to head up innovation at prior authorization company
12 payer exec moves
Centene revenues to sink $500M over delayed North Carolina Medicaid contract
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