The Cigna Group Completes Sale of Medicare Businesses to HCSC
More than a year after the original deal announcement, The Cigna Group announced on March 19 the successful completion of the sale of its Medicare assets to Health Care Service Corporation (HCSC). The assets include Cigna’s Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D and CareAllies businesses. The divestment of these assets streamlines Cigna’s portfolio and enables it to drive further innovation to support customers. HCSC is the United States’ largest customer-owned health insurer with nearly 17.5 million members in its health plans in Illinois, Montana, New Mexico, Oklahoma and Texas. HCSC was formerly known as Hospital Service Corporation and changed its... Read More »
NationsBenefits Acquires General Vision Services
NationsBenefits, LLC announced on December 3 that it acquired General Vision Services (GVS) for an undisclosed amount. CapM Advisors acted as financial advisor to GVS in this transaction. GVS is a leading managed vision company providing eyecare benefits and administration to millions of members nationally. GVS, in addition to its managed care services, also provides revenue cycle management services. General Vision Services supports millions of members across a clientele that includes employer groups, managed care and organized labor. Headquartered in Plantation, Florida, NationsBenefits is a provider of supplemental benefits, fintech solutions and outcomes for the... Read More »
Earnings Week in Review: Navigating Challenges and Growth in Q3 2024 Healthcare
We’re taking a look at some of the major companies reporting earnings in the week of October 28 – November 1, across a variety of sectors. Managed Care providers Humana and Cigna reported significant growth, driven by their health insurance offerings. The eHealth space saw Teladoc Health and American Well Corp. navigating competitive pressures and market shifts, highlighting the dynamic nature of digital health. Meanwhile, Stryker Corp.’s strong earnings performance in the Medical Devices segment contrasted with Avanos Medical’s struggle with cost pressures. These earnings reports offer a comprehensive view of the healthcare industry’s current performance and future... Read More »
Molina Healthcare to Acquire ConnectiCare
Molina Healthcare, Inc. announced on July 23 that it has entered into a definitive agreement to acquire ConnectiCare Holding Company, Inc., a wholly owned subsidiary of EmblemHealth, Inc. The purchase price for the transaction, which is expected to close in the first half of 2025, is $350 million. The acquisition represents a strong strategic fit for Molina, adding an established government business, recognized brand and a statewide provider network. ConnectiCare is a leading health plan in the state of Connecticut serving approximately 140,000 members across Marketplace, Medicare and certain commercial products as of June 30, 2024. Molina Healthcare, Inc., a Fortune 500 company, provides... Read More »
Earnings Week in Review: Healthcare Giants Navigate Growth and Hurdles
We’re taking a look at some of the major companies reporting earnings in the week of July 15-July 19, across a variety of sectors. UnitedHealth Group and Novartis showcased strong growth, while Johnson & Johnson and Elevance Health presented more mixed results. Abbott Laboratories also reported solid results, driven by its medical devices segment, while facing challenges in its diagnostics business due to waning COVID-19 testing demand. This week’s earnings reports offer insights into the broader healthcare industry’s performance and future trajectory. UnitedHealth Group UnitedHealth Group (UHG) demonstrated a significant turnaround in its second quarter of 2024, posting a... Read More »Schedule a demo
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