Cigna (CI) announced that it has finalized the purchase of Great-West Healthcare, the Healthcare Division of Great-West Life & Annuity Insurance Company. The company noted that the cost of the purchase comprises $1.5 billion in cash to Great-West Life & Annuity Insurance Company and added capital of $400 million to be retained by its subsidiaries to support the acquired business.CIGNA HealthCare President David Cordani said, This transaction increases the opportunities for national and mid-size employers to improve the health, well-being and security of their employees, and adds service and distribution capabilities specifically designed to meet the needs of smaller businesses.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.