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Cigna Subsidiary Evernorth to Buy MDLIVE

Analysis  |  By John Commins  
   February 26, 2021

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

Cigna health services subsidiary Evernorth announced Friday that it would buy privately held MDLIVE Inc., a telehealth delivery platform.

Financial terms of the deal were not disclosed.

Tim Wentworth, CEO of Bloomfield, Connecticut-based Evernorth, said the acquisition comes as the COVID-19 pandemic is rapidly accelerating the need for consumer-friendly, convenient care venues.

"We see an immediate opportunity to build a new model of care delivery, one that delivers a connected experience with greater affordability, predictability and simplicity," he said. "With the opportunity to serve millions more people, and with more personalized ways to deliver care, we will have an even greater impact on our customers, clients and partners."

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

"Combining MDLIVE's platform and strong network for virtual providers with our comprehensive care solutions, we will be better positioned to optimize the care journey to improve affordability and accessibility, and to deliver superior support to health plans as they advance their own care delivery models for the future," Wentworth said.

MDLIVE CEO and Chairman Charles Jones said the sale is an opportunity for the Miramar, Florida-based telehealth provider "to join an organization that complements our work, and has been a long-time partner and investor in our business."

"Together, we can accelerate MDLIVE's growth strategy and ability to serve more customers, while also building new services that will benefit our existing stakeholders, including employees, partners, patients, customers, health plans and providers," Jones said.

"With this transaction, Evernorth will gain an industry-leading platform, and a passionate and pioneering workforce that made virtual care a reality, and an essential and life-saving service during the COVID-19 pandemic."  

“We see an immediate opportunity to build a new model of care delivery, one that delivers a connected experience with greater affordability, predictability and simplicity.”

John Commins is a content specialist and online news editor for HealthLeaders, a Simplify Compliance brand.


KEY TAKEAWAYS

Tim Wentworth, CEO of Bloomfield, Connecticut-based Evernorth, said the acquisition comes as the COVID-19 pandemic is rapidly accelerating the need for consumer-friendly, convenient care venues.

MDLIVE CEO and Chairman Charles Jones said the sale is an opportunity for the Miramar, Florida-based telehealth provider "to join an organization that complements our work, and has been a long-time partner and investor in our business."


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