Cigna Completes Acquisition of Arcadian and Humana Medicare Advantage Plans in Select Markets

Wed Jan 2, 2013 10:00am EST

* Reuters is not responsible for the content in this press release.

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130102:nBw025159a

Cigna's HealthSpring to Serve Seniors in Texas, Arkansas and Oklahoma
BLOOMFIELD, Conn.--(Business Wire)--
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. 

About Cigna

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. 

About HealthSpring

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.

HealthSpring
Graham Harrison, 615-234-6710
graham.harrison@healthspring.com



Copyright Business Wire 2013