Cigna Corp. (NYSE: CI) has purchased Alegis Care from Los Angeles-based private equity firm Triton Pacific Capital Partners for an undisclosed price.
The transaction is expected to help Cigna expand the Bloomfield, Conn.-based buyer’s medical home and chronic care services.
Based in Chicago, Alegis Care is a provider of in-home care for elderly and chronically-ill patients. The company was acquired by Triton Pacific in March 2006.
The deal comes as more M&A occurs among businesses focused on caring for the growing percentage of the population that is aging. Most recently, BioScrip Inc. purchased pharmacy service provider CarePoint Partners LLC for $223 million as a means to accelerate growth within its home care service.
Raymond James Financial Inc. (NYSE: RJF) advised Alegis Care throughout the sale process.