Cigna Completes Acquisition of Arcadian and Humana Medicare Advantage Plans in Select Markets
Cigna's HealthSpring to Serve Seniors in Texas, Arkansas and Oklahoma
BLOOMFIELD, Conn., January 02, 2013 - Cigna (NYSE: CI) announced today it has completed its acquisition of select Arcadian and Humana Medicare Advantage plans in Arkansas, Oklahoma and Texas. In addition to the Amarillo, Longview-Marshall and Texarkana markets that were initially announced in late June, the closing acquisition also incorporates the Fort-Smith market, bringing the Medicare Advantage service area expansion to a total of 35 new counties.
Effective January 1, 2013, the approximately 4,500 impacted Humana or Arcadian customers will have access to Cigna/HealthSpring's physician engagement model that works collaboratively with doctors to provide access to high quality, coordinated care that is focused on prevention and total body wellness.
"We are pleased to have an opportunity to serve the health care needs of our new customers in Arkansas, Oklahoma and Texas," HealthSpring President Herb Fritch said. "I believe seniors in those areas will value our unique model and its extra benefits, proven results and personal attention."
The four acquired markets were part of a previously announced government-stipulated divestiture for Humana to complete its acquisition of Arcadian. Additional details of the transaction were not disclosed.
Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has approximately 71 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
HealthSpring, a Cigna company, is one of the country's leading health plans focused on delivering care to the senior population, predominately through Medicare Advantage and other Medicare and Medicaid products. Along with its companies Bravo Health and Leon Medical Centers Health Plans, HealthSpring serves more than one million customers in locations across the country. Based in Nashville, Tennessee, HealthSpring operates health plans in Alabama, Delaware, Florida, Georgia, Illinois, Maryland, Mississippi, New Jersey, Pennsylvania, Tennessee, Texas, West Virginia and Washington, D.C. HealthSpring also offers a national stand-alone prescription drug plan. For more information, visit www.healthspring.com.
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