Cigna Finalizes Purchase of Managed Care and Medical Network Conglomerate QualCare

Cigna has completed its acquisition of QualCare Alliance Networks, a conglomerate of managed care and medical network companies. Cigna focuses mostly on health insurance plans, but also offers disabilty and accident insurance, according to its website. QualCare, which was previously owned by a group of 16 hospitals and physician-hospital organizations, controls: Qual-Lynx, a managed care firm for workers' compensation patients as well as a third-party administrator for workers' compensation, property and casualty claims. QualCare, a New Jersey-based managed care firm. He...