NEW YORK: Cigna Corp is launching a venture fund to invest in healthcare startups, committing US$250mil of its own capital.
Health insurers have been starting venture-capital arms to find new ideas to improve their businesses and generate financial returns. UnitedHealth Group Inc, the biggest health insurer, said in November that its Optum unit was creating a venture arm with US$250mil in funds. Humana Inc, Kaiser Permanente, and a group of Blue Cross and Blue Shield insurers all have venture units.
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