Cigna Group - CI STOCK NEWS

VillageMD has successfully completed the acquisition of Summit Health-CityMD on January 3, 2023 for $8.9 billion, expanding its capacity in primary, specialty, and urgent care services. This merger, supported by Walgreens Boots Alliance (WBA) and Cigna Corporation (CI), aims to enhance patient-centered care through a combined workforce of 20,000 professionals. The collaboration intends to leverage innovative healthcare delivery models across 680 locations in 26 markets, targeting improved health outcomes and value-based care.

Cigna Corporation (NYSE:CI), a global health services company, announced that its CEO David Cordani will present at the 41^st Annual J.P. Morgan Healthcare Conference on January 10, 2023, in San Francisco, CA. The presentation is scheduled to start at 5:15 p.m. ET. Interested parties can access the live webcast via Cigna's Investor Relations section. Cigna, serving over 190 million customers globally, is dedicated to improving health and well-being through integrated health services.

VillageMD has entered a definitive agreement to acquire Summit Health-CityMD for approximately $8.9 billion, with investments from Walgreens Boots Alliance (WBA) and Cigna (CI). This acquisition aims to enhance integrated healthcare offerings and create a multi-payor platform for quality, affordable care. WBA will invest $3.5 billion to support the acquisition, raising its U.S. Healthcare sales goal for fiscal year 2025 to $14.5 billion to $16.0 billion. The transaction is expected to close in Q1 2023.

Cigna Corporation (NYSE: CI) reported strong Q3 2022 results with total revenues of $45.3 billion and net income of $2.8 billion, or $8.97 per share. Adjusted income from operations stood at $1.9 billion, or $6.04 per share, reflecting growth in both Evernorth and Cigna Healthcare. The company forecasts 2022 adjusted revenues to exceed $179 billion and adjusted income from operations at least $7.23 billion. Cigna's total customer relationships reached 192.5 million, a 4% increase year-to-date.

Cigna is expanding its Medicare Advantage offerings in western Pennsylvania, introducing $0 premium plans across 11 counties, effective January 1, 2023. This expansion is part of the Annual Election Period, which runs from October 15 to December 7, allowing eligible individuals to choose from various plans tailored to different health needs and budgets. Notable benefits include hearing, vision, and dental coverage, and a valuable meal delivery service post-hospital discharge. This marks Cigna’s first major entry into this region.

Cigna (NYSE: CI) is expanding its health plan offerings for Indiana residents, providing affordable coverage options in eight counties starting from the 2023 Open Enrollment Period, which begins on Nov. 1, 2022. The plans include features such as $0 deductibles, virtual primary care through MDLIVE, and cost-effective prescription drug options. Cigna will also host a health improvement event at the Indianapolis Zoo on Nov. 12, offering free biometric screenings and health coaching. The initiative aims to enhance access to healthcare in Indiana, promoting community health and wellness.

Cigna is expanding its Medicare Advantage (MA) offerings to southwest Ohio and northern Kentucky, introducing plans with $0 premiums and enhanced benefits. This expansion, available to Medicare-eligible customers during the Annual Election Period from Oct. 15 to Dec. 7, will take effect on Jan. 1, 2023. New counties included are Brown, Clermont, and others in Ohio, as well as several in Kentucky. Plans feature services such as dental, vision, fitness benefits, and transportation, catering to diverse needs and budgets.

Cigna is expanding its Medicare Advantage presence in the Cleveland area, launching several new plans for Medicare-eligible customers during the Annual Election Period from Oct. 15 to Dec. 7. Plans feature $0 premiums and benefits like dental, vision, and financial wellness incentives. New offerings include various Medicare Advantage plans available in Mahoning, Portage, Stark, and Trumbull counties, effective Jan. 1, 2023. Cigna aims to enhance access to affordable healthcare, catering to diverse lifestyles and budgets, including options for individuals eligible for both Medicare and Medicaid.