M&A Deal Summary

Elevance Health Acquires Cigna

On July 24, 2015, Elevance Health acquired healthcare services company Cigna for 54.2B USD

Acquisition Highlights
  • This is Elevance Health’s 12th transaction in the Healthcare Services sector.
  • This is Elevance Health’s largest (disclosed) transaction.
  • This is Elevance Health’s 15th transaction in the United States.
  • This is Elevance Health’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2015-07-24
Target Cigna
Sector Healthcare Services
Buyer(s) Elevance Health
Deal Type Add-on Acquisition
Deal Value 54.2B USD
Advisor(s) Morgan Stanley (Financial)
Cravath, Swaine & Moore LLP (Legal)

Target

Cigna

Bloomfield, Connecticut, United States
website
Cigna office in Pittsburgh, Pennsylvania.
Cigna office in Pittsburgh, Pennsylvania.
Cigna Corp. is a health services organization. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance. Cigna dates back to 1792 and is based in Bloomfield, Connecticut.

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Buyer(S) 1

Buyer

Elevance Health

Indianapolis, Indiana, United States

website


Category Company
Founded 1944
Sector Insurance
Employees98,200
Revenue 138.6B USD (2021)
DESCRIPTION
Entrance to Anthem's corporate headquarters in Indianapolis, Indiana.
Entrance to Anthem's corporate headquarters in Indianapolis, Indiana.

Elevance Health is a health benefits company serving customers throughout the United States. Through its networks nationwide, the company delivers a number of leading health benefit solutions through a broad portfolio of integrated health care plans and related services, along with a wide range of specialty products such as life and disability insurance benefits, dental, vision, behavioral health benefit services, as well as long term care insurance and flexible spending accounts. Elevance Health was incorporated in 1944 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 16 of 26
Sector (Healthcare Services) 12 of 19
Type (Add-on Acquisition) 13 of 20
State (Connecticut) 1 of 1
Country (United States) 15 of 24
Year (2015) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Simply Healthcare Plans

Coral Gables, Florida, United States

Simply Healthcare Plans, Inc. ("SHP") is a managed care organization. SHP was founded to provide individuals quality health care and related services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-20 HealthSun Health Plans

Coconut Grove, United States

HealthSun Health Plans, Inc. is a provider of an integrated medicare advantage health plans and healthcare delivery networks. HealthSun Health Plans was founded in 2005 and is based in Coconut Grove, Florida.

Buy -