BCBSIL to Acquire Cigna Healthcare’s Medicare Advantage Business

Blue Cross and Blue Shield of Illinois (BCBSIL) has announced a definitive agreement to acquire several of Cigna Healthcare’s businesses, including Medicare Advantage and Supplemental Benefits. The transaction, expected to conclude in the first quarter of 2025, aims to enhance the quality of services for members. BCBSIL emphasizes its commitment to maintaining strong partnerships during the transition and ensuring continuity of care. Both organizations are focused on providing updates and support to their partners throughout 2024 and beyond, while adhering to necessary regulatory approvals.