© Reuters. Cigna Corp. (CI) considers promoting Medicare Benefit enterprise – Reuters
U.S. well being insurer Cigna Corp . (NYSE:) is reportedly contemplating promoting its Medicare Benefit enterprise in a transfer that may reverse its prior enlargement into the sector.
A report from Reuters on Monday stated Cigna is working with an funding financial institution to evaluate the choices for its Medicare Benefit enterprise, which offers additional advantages to these coated by federal medical health insurance.
The publication, citing sources, states the enterprise might fetch a number of billions of {dollars} in a possible divestment.
Cigna made its transfer into the Medicare Benefit enterprise in 2011 with a $3.8 billion acquisition of HealthSpring. Nevertheless, if the corporate had been to promote its Medicare Benefit enterprise, it might be taking a step away concurrently the U.S. authorities tightens its purse strings in reimbursing well being insurers for his or her providers.
Reuters warned that the talks with events, together with different corporations and personal fairness corporations, are at an early stage, and Cigna might nonetheless resolve to maintain the enterprise.
