Print Print edition: 2011-10-25

Cigna to buy HealthSpring for $3.8 billion

Published Updated

Health insurer Cigna Corp will buy HealthSpring Inc for $3.8 billion to jump-start its business selling Medicare plans as more elderly Americans become eligible for the US government programme. Medicare is an enticing market for US health insurers, even as Congress weighs cuts to the programme to rein in the country's debt.