Cigna Buys HealthSpring For $3.8B With Davis Polk Help
The acquisition will bolster Bloomfield, Conn.-based Cigna's offerings for seniors in the face of weak interest from potential younger customers, the buyer said. It hopes to capitalize on Nashville-based HealthSpring's strong roster of elderly citizens, including roughly 340,000 Medicare Advantage members and 800,000 Medicare prescription drug plan members, according to the company.
"HealthSpring is a great fit...
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