Cigna’s New Acquisition Expands Home Care for Chronically Ill Clientele
Cigna (NYSE: CI) announced Tuesday that it has completed its acquisition of Alegis Care, which will help the company expand its home care offerings to chronically ill homebound clients.
“Improving the medical home experience by providing access to affordable and convenient healthcare is a growing essential service for our homebound senior customers, and based on the successful relation and results we’ve shared with Alegis Care since 2009, I’m pleased to announce this acquisition that is highly complementary to our business strategy,” said Cignat-HealthSpring President Herb Fritch.
Chicago-based Alegis Care specializes in serving the chronically ill and elderly with physician services, comprehensive care coordination and a high level of patient care within a individual’s own home or place of residence.
“Together, we will make it easier for seniors to experience the full range of coordinated health care services, working with their own physician, and in the most appropriate setting for their needs,” Fritch added.
Founded in 1995, Alegis will remain focused on chronic care management for severely ill individuals and will continue to serve its current clients and customers, including health care systems and other payers, as a Cigna company.
In 2013, Alegis Care will provide services to nearly 31,000 seniors across 10 states, including Cigna-HealthSpring customers in Delaware, Illinois, Maryland, Pennsylvania and Washington, D.C.
Cigna plans to leverage Alegis Care capabilities and services for its broad base of Medicare Advantage customers with the goal of improving the quality of service while reducing cost.
“Cigna’s commitment to bringing quality primary care services directly to its homebound senior customers afflicted with multiple chronic conditions aligns perfectly with the mission and commitment of Alegis Care and its managed practices,” said Edmund Bujalski, CEO of Alegis Care. “Everyone on our team is pleased to be part of the Cigna-HealthSpring family.”
“We see this acquisition as significantly enhancing our ability to serve our diverse customer base, supported by substantially deeper resources than we would have on our own,” he added.
The terms of the acquisition, including the purchase price, were not disclosed.
Written by Jason Oliva