Cigna (NYSE: CI) completed its acquisition of QualCare Alliance
Networks, Inc. (“QANI”) on February 28. The acquisition, which was
announced in January, combines Cigna's broad and integrated portfolio of
health-related products, services and national scale with QANI’s
expertise and capabilities in working with hospital systems to drive
innovation, affordability and value.
QANI will continue to offer its full suite of existing products and
services and will continue to be led by Annette Catino, QANI’s founder
and chief executive officer. Cigna and QANI together will focus on
locally-tailored innovations to drive customer engagement and meet
personal health needs. They will also offer hospital systems and
physician groups a broad suite of both managed services and solutions.
Examples include multi-tier plan administration, population analytics,
performance reporting and management, clinical benchmarking and other
services.
Terms of the acquisition 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 more than 86 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 QualCare Alliance Networks, Inc.
QualCare Alliance Networks, Inc. (QANI) was founded in 1993 to serve as
the parent organization to the following companies: QualCare, Inc., New
Jersey’s largest, provider-sponsored, managed care company; Qual-Lynx, a
workers’ compensation managed care provider and multi-state third party
administrator for property, casualty and workers’ compensation;
Health-Lynx, the region’s backbone for establishing accountable care
organizations; QualCare Captive Insurance Company, Inc., the first
sponsored cell captive insurance structure approved by the Captive
Division in New Jersey; and QualCare Management Resources, Inc., a
newly-created company which provides insurance management and financial
services to regulated insurance programs.
Copyright Business Wire 2015