Feb
12
CIGNA acquires Kronos Optimal Health Company
By Sergio | Published February 12, 2010
Cigna International Insurance has acquired Kronos Optimal Health Company of Phoenix, Arizona USA as part of an effort to expand their on-site health-management programmes for companies and their employees.
Through this acquisition Cigna will be able to offer to its large and medium-sized clients services such as biometric screening, flu shots, health-improvement programmes and other services.
Cigna had an existing relationship with Kronos, the latter being its provider of biometric screening and other services. The variety of health education and health-management programmes Kronos offered to businesses were of particular interest to Cigna, and gaining access to Kronos’ network of about 13,000 health coaches, health educators and screeners all over the USA.
Kronos’ local staff of 25 employees will continue working for Cigna and only its highest-ranking employee will leave the company and become a consultant to Cigna.
There were no details on the financial terms of the acquisition.
Cigna continues expanding its base of on-site clinics for large and medium-size companies. With this deal Cigna also aims to efficiently offer to smaller companies on-site healthcare and health education.
Insurance Companies Mentioned:
For more than 125 years, CIGNA has been helping people lead healthier, more secure lives. The company provides health care and related benefits offered through the workplace. Key product lines include health care products and services (medical, pharmacy, behavioural health, clinical information management, dental and vision benefits, and case and disease management); and group disability, life and accident insurance. In addition, CIGNA also provides life, accident, health and expatriate employee benefits insurance coverage in selected international markets, primarily in Asia and Europe.
Kronos Optimal Health Company provides optimal health products and services for consumers, employer groups and healthcare providers. Its mission is to help people live as healthy as possible throughout their lives. Kronos Optimal Health Company employs more than 50 professionals in the fields of science, medicine, technology, pharmacology, customer service, sales and marketing.
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