M&A

Cigna has closed the sale of its Medicare Advantage business to Health Care Service Corp.  The sale includes The Cigna Group’s MA, Medicare Part D and supplemental benefits businesses, according to a March 19 news release. HCSC will also acquire…

CareSource plans to acquire ElderServe Health, a long-term services plan. 

UnitedHealth Group and Amedisys have proposed selling a minimum of 128 home health and hospice facilities as part of their efforts to address competitive concerns arising from their $3.3 billion merger. 

Elevance Health plans to acquire a stop-loss insurance subsidiary from Verily, a sister company of Google, the company confirmed in a statement to Becker's Feb. 7. 

Molina Healthcare has closed the acquisition of ConnectiCare, a subsidiary of New York City-based EmblemHealth. 

The sale of Cigna's Medicare Advantage business to Health Care Service Corp. has been approved by all federal regulators, according to The Cigna Group CFO Brian Evanko. 

Elevance Health has "many areas of interest" when it comes to future acquisitions Carelon President and Elevance Executive Vice President Peter Haytaian told investors. 

Little Rock-based Arkansas Blue Cross and Blue Shield is discussing a potential merger with Cambia Health Solutions, Arkansas Business reported Jan. 21. 

Imagine360, a health plan for self-funded employers, has purchased Ardent Health's third-party administrator, HealthFirst.

UnitedHealth Group has asked a federal judge to dismiss the Justice Department's challenge to its acquisition of Amedisys, or require the department to provide more specific data on how the deal could harm competition.