HCSC, a member-owned health insurance company, agreed to acquire the medicare businesses and CareAllies from Cigna, a for-profit American multinational managed healthcare and insurance company, for $3.3bn. "At HCSC, we have a long history of making it possible for people to achieve their best health, and we continue to drive innovations and improvements in health care. The acquisition will bring many opportunities to HCSC and its members – including a wider range of product offerings, robust clinical programs and a larger geographic reach. It builds on our commitment to expand access to quality, affordable care for people in all phases of their lives. We look forward to welcoming new members who will benefit from our proven community-first member and provider engagement model that values local relationships. We lead and operate with a deep sense of care and commitment that informs how we serve our members, engage in our communities and deliver differentiated value," Maurice Smith, HCSC CEO, President and Vice Chair.