Cigna CEO: Future acquisitions a possibility

David Cordani, the CEO of Cigna, said the insurer would consider buying more companies in the future, according to Bloomberg.

Mr. Cordani made the comments during an interview with Bloomberg TV's David Westin at the Economic Club of New York on Nov. 20. His statements come nearly a year after Cigna completed its purchase of pharmacy benefits manager Express Scripts.

In the interview, Mr. Cordani said the insurer expects $8 billion in free cash flow in 2020, which could give the payer "strategic optionality," he said. "We think that's important in an environment of perpetual change."

Mr. Cordani added that integrating with Express Scripts has gone well since the deal closed in December 2018.

More articles on payers:
BCBS plans debut national provider network: 4 things to know
Walmart to use UnitedHealth-owned services in 3-state telehealth pilot
Anthem plans sue for $100M in federal payments

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months