Cigna launches $250M healthcare fund

Cigna Corp. (NYSE:CI) launched Cigna Ventures with a $250 million commitment to invest in start-up and growth-stage companies focused on insights and analytics; digital health and retail; and care delivery and management.

Cigna said the fund, which will operate as a subsidiary, aims to seek innovation beyond the health service company’s existing core business, and incubate new ideas and opportunities with potential for long-term business growth and improvement of care quality, affordability and access for its clients and customers...