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The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
In March 2018, Cigna, which earlier was blocked by courts from being acquired by Anthem, announced a $67 billion deal to acquire Express Scripts. The Express Scripts acquisition would be the last major deal involving the country's largest PBMs. In 2017, CVS Health announced a merger with Aetna, completing in November 2018. [38]
CVS Health Corporation is an American for-profit healthcare company that owns CVS Pharmacy, a retail pharmacy chain; CVS Caremark, a pharmacy benefits manager; and Aetna, a health insurance provider, among many other brands.
CVS' Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of pharmacy benefit management in the U.S., while their parent companies operate health insurance businesses.
A merger would have given the combined company more scale to rival bigger U.S. health insurance players UnitedHealth Group and CVS Health. Cigna and Humana, which have market values of $77 billion ...
Other health insurance stocks, including Cigna and CVS Health, were down on the news as well. ... UnitedHealth, the country's largest health insurance company, owns one of the largest PBMs, Optum ...
This Optum-UnitedHealth model of vertical integration [20] is pointed to as having sparked a pattern of acquisition activity in the healthcare industry; most notably, mega-mergers between CVS-Aetna, Cigna-Express Scripts and Humana-Kindred. [21] "Optum's been the leader in showing how a managed care organization with an ambulatory care delivery ...
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