Health care insurer Cigna has unveiled plans to launch a 67bnm venture fund, as the company prepares itself for the transformations technology promises to make to the sector in the coming years. The project, called Cigna Ventures, already counts digital therapeutics firm Omada Health, predictive analytics company Prognos and home-patient care service Contessa Health among its clients. As well as preparing for the future, Cigna will also be aiming to reverse the huge share price drop the company suffered this year when its deal to purchase ExpressScripts for $$250 was swiftly followed by Amazon's acquisition of rival service PillPack.
Health care insurer Cigna has unveiled plans to launch a $250m venture fund, as the company prepares itself for the transformations technology promises to make to the sector in the coming years. The project, called Cigna Ventures, already counts digital therapeutics firm Omada Health, predictive analytics company Prognos and home-patient care service Contessa Health among its clients. As well as preparing for the future, Cigna will also be aiming to reverse the huge share price drop the company suffered this year when its deal to purchase ExpressScripts for $67bn was swiftly followed by Amazon's acquisition of rival service PillPack.