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Mintz Facilitates $3.7 Billion Deal For The Cigna Group

Law360 detailed Mintz’s role in the $3.7 billion sale of Cigna’s Medicare businesses to Health Care Service Corporation (HCSC). The deal, which is expected to close in early 2025, will include the sale of multiple health benefits and Medicare units including Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D, and CareAllies, and will go through a standard regulatory process.

The Mintz team advising Cigna was led by Members Tara Dwyer and Lauren Moldawer.

David Cordani, The Cigna Group’s CEO and chair commented, “The agreement will enable The Cigna Group to drive meaningful value for all our stakeholders, providing an enhanced ability to accelerate investment and growth in our services platform, while further deepening our commitment to our existing health benefits platform.”