Cigna Buys Alegis Care aka Home Physicians Management From Private Equity Firm Triton Pacific, Senior Home Care And Hospital Discharge Home Services

You can kind of figure out what this one is about as when you look at ACOs today the insurers are in the driver’s seat so Cigna is no different and the focus here is to also reduce readmissions to the hospital.  You can read on their website about their marketing targets for HMOs.  Their focus is the elderly to offer home service care. 

They also offer services to help with hospice care follow up so gee will they be working with United’s Hospice for profit along the line?  As you can see all the actions are taking place with insurer subsidiaries.  At some point one subsidiary of an insurers works with a subsidiary or more from another insurer these days.

Hospice In the “For Profit” Sector As Subsidiaries of Health Insurance Companies-Subsidiary Watch

The physicians are managed by Alegis and offer primary care, wound care, and a list of other chronic conditions.  I wonder how the contract are here and they might change with an insurer owning the company now, that’s what all the doctors are wondering.  From the website:

“Founded and headquartered in Chicago, Illinois, Alegis Care and its providers deliver direct patient care in the home from locations across the country, including Illinois, Delaware, Indiana, Maryland, Michigan, New Jersey, Pennslyvania, Utah, Washington, Washington, D.C.,  and Wisconsin. Alegis Care is currently expanding to new locations.”

Back in 2011 Cigna purchased this group…

Cigna Buys HealthSpring Inc For $3.8 Billion, Who Bought Bravo Medicare HMO Who Had Profits of a Billion in 2010-Subsidiary Watch

And bought some business in Texas from Humana last year…and in 2011 they relocated their corporate offices to Connecticut. 

Cigna To Purchase Medicare Advantage Plans In Texas and Arkansas From Humana To Satisfy Purchase of Arcadian Medicare Advantage Business & More Plans Left To Sell –Subsidiary Watch

Alegis personnel  will also go to the home and provide a health assessment to work on keeping the costs down as well as providing care.  No mention of what Cigna paid.  BD 

---

Cigna Corp., Bloomfield, Conn., has acquired Chicago-based Alegis Care, a portfolio company of private equity firm Triton Pacific Capital Partners since 2006.

Alegis Care, founded in 1995, specializes in serving chronically ill and elderly patients in their homes and will continue to do so as a Cigna company. This year, Alegis Care will provide physician services and comprehensive care coordination to nearly 31,000 seniors across 10 states, including customers in the Cigna-HealthSpring plan.

http://www.modernhealthcare.com/article/20130903/NEWS/309039962/cigna-acquires-home-healthcare-company-alegis&utm_source=twitterfeed&utm_medium=twitter