Coronavirus crisis extends Memorial Hermann-Cigna contract negotiations

Memorial Hermann Health System and Cigna Corp. (NYSE: CI) are making progress toward reaching a new agreement but have decided to extend their contract negotiations again due to the coronavirus crisis.

The two companies have given themselves until June 30 to reach an agreement. If they don’t, Memorial Hermann will be out-of-network for Cigna’s customers starting July 1.

“Our focus is on the health of Houston and doing all we can to contain the spread of COVID-19,” Cigna and Memorial Hermann…