Who Owns Cigna Pharmacy?
Cigna Pharmacy is owned by The Cigna Group, a publicly traded American healthcare company listed on the NYSE (CI). The Cigna Group operates Cigna Pharmacy as their integrated pharmacy services brand combining health insurance with pharmacy benefits.
Parent Company
The Cigna Group
Founded
2018
Status
Publicly Traded
Headquarters
Bloomfield, Connecticut, USA
Who Owns Cigna Pharmacy?
- Parent Company: The Cigna Group
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: NYSE: CI
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Cigna Pharmacy | The Cigna Group | Brand division |
History of Cigna Pharmacy
- Founded: 2018
- Founders: The Cigna Group (internal development)
Cigna Pharmacy was established in 2018 following The Cigna Group's acquisition of Express Scripts, one of the largest pharmacy benefits management companies in the United States. The brand was created to integrate pharmacy services with Cigna's health insurance offerings. This strategic integration demonstrated exceptional insight into the growing demand for coordinated healthcare and pharmacy services while establishing a distinctive healthcare approach that would define integrated pharmacy benefits for generations.
The formation of Cigna Pharmacy represented a significant strategic move to provide coordinated healthcare and pharmacy benefits under one organization. The brand combined Express Scripts' pharmacy benefits management expertise with Cigna's health insurance capabilities. This strategic combination demonstrated The Cigna Group's exceptional ability to identify and acquire complementary healthcare companies while creating integrated solutions that could serve multiple patient needs.
Throughout the late 2010s and early 2020s, Cigna Pharmacy has expanded its services to include medication management, specialty pharmacy services, and integrated care coordination. The brand has focused on creating seamless experiences for members who need both medical coverage and prescription drug benefits. This period of expansion demonstrated Cigna Pharmacy's exceptional ability to scale operations while maintaining consistent brand positioning and quality standards that would define the brand for decades.
Under The Cigna Group's ownership, Cigna Pharmacy has continued to innovate in pharmacy services, developing digital tools and personalized medication management programs to improve health outcomes and reduce costs. This continued innovation demonstrates Cigna Pharmacy's ability to adapt to changing technological advancements and consumer expectations while maintaining its core brand values and commitment to integrated, quality healthcare services. The brand's evolution represents a significant milestone in the integration of pharmacy benefits and health insurance services.
About The Cigna Group
The Cigna Group operates through several key business segments focused on healthcare services and insurance. The company's core offerings include health insurance, pharmacy benefits management, and other health-related products and services.
The company provides medical, dental, disability, life, and accident insurance products primarily through employers and other groups, including governmental organizations, unions, and associations. Cigna's pharmacy benefits management services are delivered through Express Scripts, which manages prescription drug benefits for millions of Americans.
Cigna also offers international health insurance products and services through its global operations, serving customers in over 30 countries. The company has expanded into digital health services and telemedicine to enhance access to healthcare for its customers.
The Cigna Group employs approximately 74,000 people worldwide and generates annual revenues exceeding $180 billion. The company serves millions of customers globally, making it one of the largest healthcare insurance companies in the world.
- Founded: 1982
- Headquarters: Bloomfield, Connecticut, USA
- Company Type: Publicly Traded
- Stock: NYSE: CI
Where Is Cigna Pharmacy Made / Based?
- Headquarters: Bloomfield, Connecticut, USA
- Manufacturing / Operations: United States
Brands Owned by The Cigna Group
- Cigna Dental - American dental insurance brand providing dental coverage plans, preventive care...
- Cigna Healthcare - American health insurance brand providing medical coverage, health plans, and we...
- Express Scripts - One of the largest pharmacy benefits managers in the United States, owned by The...
Cigna Pharmacy Ownership: Pros & Cons
Advantages
- +Integration of pharmacy benefits with health insurance coverage
- +Access to Express Scripts' extensive pharmacy network and capabilities
- +Coordinated care management between medical and pharmacy services
- +Focus on medication adherence and health outcomes
- +Strong relationships with pharmaceutical manufacturers and pharmacies
Considerations
- -Complexity of integrating pharmacy and health insurance services
- -Regulatory oversight of both pharmacy benefits and health insurance
- -Competition from other integrated healthcare and pharmacy companies
- -Need to balance cost containment with comprehensive pharmacy coverage
- -Coordination challenges across multiple healthcare stakeholders
Frequently Asked Questions About Cigna Pharmacy
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Cigna Pharmacy
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Cvs Health | USA | 2000 | Mass Market | North America | All Genders |
Learn More About Competitors
Competitive Analysis
Market Positioning: Cigna Pharmacy competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
The Cigna Group Stock Information
Jobs at The Cigna Group
Latest News About Cigna Pharmacy
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