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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cigna Group | NYSE:CI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.04 | -0.01% | 354.47 | 355.15 | 351.415 | 352.50 | 829,721 | 01:00:00 |
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Hi everyone.
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I'm David Cordani, President and CEO of Cigna.
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We have some exciting news to share.
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Today, we announced the combination of two great companies, Cigna and Express Scripts.
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Our two companies have a lot in common:
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We are both community-oriented and market-oriented.
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We are innovative, customer-centric organizations known for our emphasis on strong customer service and high quality, affordable health care services.
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We are both committed to making health care simpler for all.
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And we have great people!
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Together, we have a tremendous opportunity to create and shape the future of health care, positively impacting the health and well-being of millions of people around the world.
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We are at a pivotal moment for health care.
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In the U.S., for example, care is fragmented, disconnected, expensive and on an unsustainable path forward.
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We must give individuals a greater ability to better connect to their health care provider, to achieve their best health on a more affordable basis…
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…whether they are healthy, at risk of becoming unhealthy, have a chronic disease or need acute care.
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And we've seen, time and again, that when health care providers are better connected, supported and incented, they deliver more complete, higher quality care.
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Societally, we must shift from equating "health care" with "sick care"
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…to actively preventing sickness – and promoting better health – in order to improve quality of life, affordability and as a result, sustainability.
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Further…health care decision making needs to be simplified so that healthy, affordable choices are clear and simple.
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Our combination is a decisive move to create an expanded portfolio of integrated health services that offers
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greater choice, alignment and value for our customers, their employers, health plans and government agencies.
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Our combined breadth of capabilities will make it simpler for customers to access health care,
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by removing fragmentation and friction that makes it harder for people to achieve their best health.
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Together, we will
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expand consumer choice…
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strengthen the partnerships between people and their health care providers…and
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deliver greater value.
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From preventive care, to treatment, to cure,
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we will make it simpler for patients to make better decisions…
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for doctors to deliver the best care…
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Cigna and Express Scripts share the same value of putting the customer, or patient, at the center of all we do.
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We remain committed to driving smart, collaborative, innovation for the benefit of our customers and clients, and to deliver affordable and personalized service that makes a difference in our customers' lives.
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That's why it is important we approach this combination in a manner which preserves the value that we deliver today.
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As small teams come together to plan our Integration work and manage the regulatory review…
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it is critical that all of us stay focused on serving and delivering our promises to our current customers and clients.
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Post close, we will act decisively to harness the best of both companies – because society needs us to!
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As we work together to create our new company, we know that some level of change is inevitable, and we will work to keep the lines of communication wide open.
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Each one of us has an extraordinary responsibility – and a unique opportunity – to transform health care.
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We are committed to supporting each of you in your career journey
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and believe that this combination will create even more opportunities for growth and development and the ability to
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I want to thank you for your contributions to our success to date.
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We are grateful for your continued focus on supporting our customers, clients, partners, communities and one another.
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Let's continue to work every day to improve the health, well-being and sense of security of those we serve.
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If you have any further questions, please do not hesitate to reach out to your managers, as we will be working actively to support an ongoing dialogue.
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the inability of Express Scripts and Cigna to obtain stockholder or regulatory approvals required for the merger or the requirement to accept conditions that could reduce the anticipated benefits of the merger as a condition to obtaining regulatory approvals;
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a longer time than anticipated to consummate the proposed merger;
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problems regarding the successful integration of the businesses of Express Scripts and Cigna;
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unexpected costs regarding the proposed merger;
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diversion of management's attention from ongoing business operations and opportunities;
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potential litigation associated with the proposed merger;
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the ability to retain key personnel;
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the availability of financing;
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effects on the businesses as a result of uncertainty surrounding the proposed merger; and
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the industry may be subject to future risks that are described in SEC reports filed by Express Scripts and Cigna.
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