Deals
Cigna Weighs Sale or Outsourcing of Pharmacy-Benefits Unit
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Cigna Corp. is considering selling or outsourcing its pharmacy-benefits division, a business that might fetch $1.5 billion for the U.S. health insurer in an acquisition, according to one analyst.
Cigna is evaluating “structural solutions” for the unit now that its $3.8 billion purchase of Healthspring Inc. has expanded the pharmacy business, Matthew Asensio, a company spokesman, said in a telephone interview. The move follows decisions by insurers WellPoint Inc. and Aetna Inc. to sell and outsource their pharmacy units, respectively.