/PRNewswire/ Global health services company Cigna Corporation (NYSE:CI) announced that health care industry leader Dr. David Brailer, M.D., Ph.D. will join.
Bloomfield health insurer Cigna Corp. said Thursday it will repurchase $3.5 billion of common stock through accelerated stock repurchase agreements with Mizuho Markets Americas LLC and Morgan Stanley & Co. LLC.
The repurchase agreement is part of Cigna's existing share repurchase program, which had remaining authority of approximately $8.8 billion as of June 14, 2022, the company said.
CIgna will direct another $450 million into its venture fund, Cigna Ventures, in a bid to increase spending on startup businesses and digital health, the company said this week. In addition to injecting extra cash into the venture fund, the insurer plans an investment in innovations which includes $1.25 billion in capital expenditures, part of a bid to keep pace with other