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Cigna triples Q1 revenue after Express Scripts merger
Modern Healthcare

Health insurer Cigna Corp.’s revenue and profit soared in its first full quarter since completing its takeover of pharmacy benefit manager Express Scripts.

Hartford, Conn.-based Cigna’s revenue more than tripled to $37.9 billion from $11.4 billion in the three months ended March 31 over the same quarter a year ago, bolstered by the Express Scripts acquisition that closed in the December and revenue growth in Cigna’s insurance business.

Its net income grew 49.6% to $1.4 billion in the quarter.