Cigna - M&A Summary and Business Overview

Healthcare ServicesCompany

Cigna M&A Summary

Cigna has acquired 15 companies. A total of 4 acquisitions came from private equity firms. It has also divested 4 assets.

Cigna’s largest acquisition to date was in 2018, when it acquired Express Scripts Holding for $67.0B. It’s largest disclosed sale occurred in 2019, when it sold Cigna - Group Life and Disability Insurance Business to New York Life Insurance Company for $6.3B. Cigna has acquired in 10 different US states, and 4 countries. The Company’s most targeted sectors include insurance (43%) and healthcare services (36%).

Cigna Business Overview

Where is Cigna headquartered?

Cigna is headquartered in Bloomfield, Connecticut.

What is Cigna’s revenue?

Cigna disclosed revenue of 180,642M USD for 2022 and 174,272M USD for 2021.

How many employees does Cigna have?

Cigna has 71,000 employees.

What sector is Cigna in?

Cigna is a healthcare services company.

When was Cigna founded?

Cigna was founded in 1792.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity14
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 11
  • M&A Advisors 7

Cigna

The Cigna Group

900 Cottage Grove Road,
Bloomfield, Connecticut 06002
United States,
(860) 226-6000
www.cigna.com

Cigna 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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 14 - - - - - 14
vol $72.7B $72.7B
Sell (0.6/yr) # 1 - 2 - - 1 4
vol $6.3B $5.8B $3.3B $15.4B
  18

Most Recent M&A

Company Date Value Type
Cigna - Medicare Businesses & CareAllies 2024-01-31 3.3B USD Divestiture
Bloomfield, Connecticut
Cigna - Life, Accident And Supplemental Benefits Businesses 2021-10-07 5.8B USD Divestiture
Hong Kong, China
Cigna Corp. - Texas Medicaid & Medicare-Medicaid Plan (MMP) Contracts 2021-04-22 60M USD Divestiture
, Texas
Cigna Corp. - Group Life and Disability Insurance Business 2019-12-18 6.3B USD Divestiture
Bloomfield, Connecticut
Express Scripts Holding Co. 2018-03-08 67.0B USD Add-on Acquisition
St. Louis, Missouri · www.express-scripts.com
Brighter, Inc. 2017-12-14 - Add-on Acquisition
Santa Monica, California · www.brighter.com
Zurich Insurance Middle East SAL 2017-07-11 - Add-on Acquisition
Beirut, Lebanon · www.zurich.ae
QualCare Alliance Networks, Inc. 2015-01-26 - Add-on Acquisition
, New Jersey
Home Physicians Management LLC (dba Alegis Care) 2013-09-03 - Add-on Acquisition
Chicago, Illinois · www.alegiscare.com
Great American Supplemental Benefits Group 2012-05-10 305M USD Divestiture
Austin, Texas · www.gasbinsurance.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 5 (36%) 70.8B (97%) 3 (75%) 9.1B (59%)
Insurance 6 (43%) 1.9B (3%) 1 (25%) 6.3B (41%)
Internet Software and Services 2 (14%) - - -
Business Services 1 (7%) - - -
Total 14 $72.7B 4 $15.4B

By Geo

State/Country Buy Value Sell Value
United States 10 72.6B 3 9.7B
  Texas 1 305M 1 60M
  Connecticut - - 2 9.6B
  Tennessee 1 3.8B - -
  New Jersey 1 - - -
  New Hampshire 1 - - -
  Missouri 1 67.0B - -
  Indiana 1 - - -
  Illinois 1 - - -
  Colorado 1 1.5B - -
  California 1 - - -
  Arizona 1 - - -
United Kingdom 2 109M - -
Belgium 1 - - -
China - - 1 5.8B
Lebanon 1 - - -
Domestic 10 (71%) 72.6B (100%) 3 (75%) 9.7B (63%)
Cross-border 4 (29%) 109M (< 1%) 1 (25%) 5.8B (37%)
Total 14 $72.7B 4 $15.4B

Top M&A Advisors

Financial Deals
BofA Securities
2
Morgan Stanley
1
UBS Investment Bank
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
2
Paul, Weiss, Rifkind, Wharton & Garrison
2
Skadden, Arps, Slate, Meagher & Flom
1

Deal Values

buy # Total
> $1B 3 $72.3B
$100M to $1B 2 $414M
TOTAL $72.7B
Largest Express Scripts Holding Co.
$67.0B (2018-03-08)
sell # Total
> $1B 3 $15.4B
< $100M 1 $60M
TOTAL $15.4B
Largest Cigna Corp. - Group Life and Disability Insurance Business
$6.3B (2019-12-18)

M&A Connections

Deals
Acquired from
Investor(s)
21%
3 (21%)
Strategic(s)
21%
3 (21%)
Divested to
Strategic(s)
100%
4 (100%)

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