M&A - Cigna Group

Form Type: 8-K

Filing Date: 2025-03-19

Corporate Action: Acquisition

Type: New

Accession Number: 000114036125009365

Filing Summary: On March 19, 2025, The Cigna Group announced the completion of the sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses to Health Care Service Corporation. This marks a significant strategic move for Cigna as they finalize the previously announced transaction. The press release detailing the closure of the sale was included as Exhibit 99.1.

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Form Type: DEF 14A

Filing Date: 2025-03-14

Corporate Action: Acquisition

Type: New

Accession Number: 000173994025000015

Filing Summary: The Cigna Group's proxy statement highlights significant developments and strategies for the upcoming year, as well as an overview of its performance in 2024. Key points include a focus on improving customer satisfaction by linking executive compensation to performance metrics, the rollout of innovative health services under the Evernorth brand, and a commitment to enhancing mental health care through new solutions. The company reports a rise in total customer relationships and notable financial growth, with total revenues increasing to $247.1 billion and returning $8.6 billion to shareholders. Cigna also announced the sale of its Medicare business to Health Care Service Corporation (HCSC), expected to close in early 2025, which aligns with their strategy to focus on core strengths and innovative healthcare delivery. Additionally, a multi-year initiative targeting mental health, health equity, and community engagement is introduced, reaffirming Cigna’s commitment to societal well-being. The annual meeting scheduled for April 23, 2025, will address director elections and executive compensation approvals among other items, indicating ongoing governance and shareholder engagement efforts.

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