Page 49 - Cigna News Today

The Cigna Group will sell its Medicare business to another insurer, Health Care Service Corp., for about $3.7 billion

The Cigna Group will sell its Medicare business to another insurer, Health Care Service Corp., for about $3.7 billion. Cigna said Wednesday the deal includes its Medicare Advantage insurance, a supplemental benefits business and Medicare prescription drug coverage. Medicare Advantage plans are privately run versions of the government’s Medicare program mostly for people ages 65 and older.

Health-care companies were more or less flat as Novo Nordisk's robust obesity-drug sales offset weakness elsewhere. Shares of Novo Nordisk soared after the...

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

With Generative AI (GAI) at the peak of the Gartner Hype Cycle, we found ourselves in the too much talk and not enough impact phase—until now.

Kore.ai, a company developing enterprise-focused conversational AI and GenAI products, today announced that it raised $150 million in a funding round led by FTV Capital, Nvidia, Vistara Growth, Sweetwater PE, NextEquity, Nicola and Beedie. Bringing the company's total raised to ~$223 million, the new cash will be put toward product development and scaling up Kore.ai's workforce, co-founder and CEO Raj Koneru told me in an interview. Koneru started Kore.ai in 2014 after launching Kony...

Nervousness ahead of the onslaught of earnings starting after the close (continuing through the week)

Enterprise conversational and generative AI technology provider Kore.ai on Tuesday announced $150 million in funding led by FTV Capital, a sector-focused growth equity investor.The round also saw participation from Nvidia and existing investors ...

Following their first discussion surrounding the Strategic Plan for Oversight of Managed Care for Medicare and Medicaid and its impact on the first…

QUARTER Net income and core operating income were records at $3.30 billion and $3.41 billion, respectively, up 151.7% and 103.6%, which included a one-time deferred tax benefit of $1.14 billion, or...