Cigna Subsidiary Evernorth Completes MDLIVE Inc. Acquisition

MDLIVE specializes in providing 24/7, on-demand, online telehealth services for patients, hospitals, physician groups, employers and payers.

Cigna health services subsidiary Evernorth has completed its previously announced acquisition of privately held MDLIVE Inc., a 24/7 telehealth delivery platform, the Bloomfield, Connecticut-based company announced this week.

Financial terms of the deal were not disclosed.

The transaction, first announced on February 26, "expands Evernorth's capabilities to lower the cost of care – while increasing access to healthcare providers – through virtual visits that can be accessed from the home or anywhere," the Bloomfield, Connecticut-based company said in a media release.

Miramar, Florida-based MDLIVE specializes in providing 24/7, on-demand, online telehealth services for patients, hospitals, physician groups, employers and payers. Evernorth executives say the acquisition comes as more Americans grow comfortable with virtual care.

"By bringing MDLIVE into Evernorth, we have a highly complementary platform that will rapidly expand our capabilities to deliver greater affordability, predictability and simplicity for our customers and clients," said Evernorth President and COO Eric Palmer. "Evernorth is uniquely positioned to bring new, differentiated and future-state care solutions that substantially lower medical costs and improve the overall healthcare experience."

MDLIVE will continue to serve its existing clients and customers and expand access to virtual care as a Evernorth health services subsidiary, which already includes Express Scripts, Accredo and eviCore.

"MDLIVE and Evernorth share a common vision and passion for changing healthcare for the better," said Charles Jones, chairman and CEO of MDLIVE. "Together, we can accelerate the delivery of new virtual care capabilities in a way that will optimize the care journey for our clients and customers."