Healthspring is not a publicly traded company and therefore is not listed on Google Finance. Searching for “Healthspring stock” or “Healthspring Google Finance” will yield no results because there is no stock ticker associated with it. The organization was a privately held company, a large network of physician-led healthcare centers and clinics, particularly focused on providing care to seniors, before being acquired by a larger entity.
However, the story doesn’t end there. To understand what happened to Healthspring and its “financial presence,” it’s necessary to trace its history. Healthspring was a successful provider of Medicare Advantage plans and healthcare services primarily concentrated in the Southeastern United States. Given its focus on Medicare Advantage, it aimed to improve the health outcomes and lower the costs of care for its members.
The key event that changed Healthspring’s availability on platforms like Google Finance was its acquisition. In 2011, Cigna, a global health service company, acquired Healthspring for approximately $3.8 billion. This acquisition was a significant move for Cigna, allowing it to expand its presence in the Medicare Advantage market and leverage Healthspring’s established network and expertise in managing senior healthcare.
Following the acquisition, Healthspring was integrated into Cigna’s operations. The Healthspring brand was gradually phased out as its services and members were incorporated into Cigna’s existing infrastructure. Therefore, if one is interested in the financial performance related to what was once Healthspring, they would need to look at Cigna’s financial reports and stock information, available under the ticker symbol CI on various financial platforms, including Google Finance.
Cigna’s financial performance reflects the contributions of the former Healthspring business unit. Investors interested in the area previously covered by Healthspring, namely senior-focused, value-based healthcare, should analyze Cigna’s performance in its Medicare Advantage segment. This segment’s growth, profitability, and membership numbers provide insights into the success of the integration and the overall impact of the Healthspring acquisition.
In summary, while you won’t find “Healthspring” listed directly on Google Finance, its legacy lives on within Cigna. To follow the financial performance of the business that Healthspring once represented, monitoring Cigna’s financials, particularly its Medicare Advantage division, is the relevant approach. The initial intent to find Healthspring on Google Finance, while understandable, requires shifting the focus to Cigna (CI) to access the relevant financial data.
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