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Health Care Service Mergers & Acquisitions

Health Care Service M&A Summary

Health Care Service has acquired 3 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Health Care Service’s largest acquisition to date was in 2024, when it acquired Cigna - Medicare Businesses & CareAllies for $3.3B. Health Care Service has acquired in 3 different US states. The Company’s most targeted sectors include information technology (34%) and business services (34%).

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Health Care Service Corp.

300 E. Randolph St.,
Chicago, Illinois 60601
United States,
(800)654-7385
www.hcsc.com

All (4) Buy (3) Sell (1)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2024-01-31 Cigna - Medicare Businesses & CareAllies · Healthcare Services
Bloomfield, Connecticut

Cigna's Medicare Businesses & CareAllies provides 3.6 million Medicare members, with nearly 600,000 in Medicare Advantage plans, more than 450,000 on Medicare Supplement plans and 2.5 million with Medicare Part D. CareAllies – which serves approximately 450,000 patients – is focused on driving the transition to physician value-based care by partnering with providers to form independent physician associations and accountable care organizations, as well as providing management services to support value-based care arrangements.

3,300 Divestiture

Health Care Service Corp.
Advisors: Barclays Investment Bank , Cravath, Swaine & Moore , J.P. Morgan Securities

Cigna


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