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Managed Care Giant To Scoop Up Administrator

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CIGNA HealthCare has agreed to acquire Mid-South Administrative Group L.L.C.

Mid-South, Memphis, Tenn., administers self-funded health plans for about 10 Memphis-area employers with a total of 28,000 plan members, according to CIGNA HealthCare, Bloomfield, Conn., a unit of CIGNA Corp., Philadelphia.