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The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. [2] [3] Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups (e.g., governmental and non-governmental ...
In late 2020, Express Scripts and several subsidiaries were rebranded and reorganized into a distinct health services organization, Evernorth. [45] Evernorth CEO Tim Wentworth retired at the end of 2021 and Cigna veteran executive Eric Palmer became Evernorth CEO starting in 2022.
Evernorth houses the pharmacy benefit management business Cigna acquired in its 2018 buyout of Express Scripts as well as the company's specialty pharmacy business Accredo.
Cigna's Evernorth unit will offer its clients a guarantee that it will limit annual increases in GLP-1 drug costs at 15%, a spokesperson said. The company aims to achieve this through various ...
In March 2018, it was announced that Cigna, a global health services company, would acquire Express scripts for $67 billion. [22] After the merger of Express Scripts with Cigna in December 2018, Wentworth became the president of both companies. [23] In September 2020, Cigna launched Evernorth, its health services portfolio, with Wentworth as ...
The current Cigna headquarters complex occupies about 30 acres (12 ha) (out of what was originally about 280 acres (110 ha)), on the south side of Cottage Grove Road in southwestern Bloomfield. Former elements of the campus include the Gillette Ridge Golf Club, developed in 2004.
Cigna's (CI) third-quarter results reflect strong pharmacy revenues coupled with solid segmental performances. A hiked 2022 EPS outlook is commendable. Cigna (CI) Q3 Earnings Top on Evernorth Unit ...