The company is looking to sell its business for between $3 billion and $4 billion.
According to a November report from Reuters, Cigna began looking to sell off the business late last year.
Cigna had roughly 599,000 Medicare Advantage members at the end of 2023 and $7.9 billion in total revenue in 2022.
The news comes after Cigna failed to acquire its rival, Humana, in December.
