MDLIVE will continue to serve its clients and customers and expand its existing virtual care capabilities while also creating new solutions with Evernorth to bring a more connected patient care experience for the diverse needs of health plans, employers, government organizations – and the people they serve.īofA Securities acted as exclusive financial advisor to MDLIVE, and Davis Polk & Wardwell served as legal counsel. With the completion of the acquisition, MDLIVE will operate within Evernorth’s portfolio of health services offerings, which also includes Express Scripts, Accredo and eviCore companies. As demand for virtual care grows, with over 75 percent of Americans seeing a future of health care at home, Evernorth and MDLIVE will be able to improve the patient experience, close the patient-provider accessibility gap, and bring providers opportunities to augment the services they currently offer. The transition will enable a new end-to-end care experience to complement – not replace – the way customers and patients interact with their existing providers to drive better health outcomes and more convenient access to care. “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.” “MDLIVE and Evernorth share a common vision and passion for changing health care for the better,” said Charles Jones, Chairman and Chief Executive Officer of MDLIVE. “Evernorth is uniquely positioned to bring new, differentiated and future-state care solutions that substantially lower medical costs and improve the overall health care experience.” “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 Eric Palmer, President and Chief Operating Officer of Evernorth. The transaction, first announced on February 26, expands Evernorth’s capabilities to lower the cost of care – while increasing access to health care providers – through virtual visits that can be accessed from the home or anywhere. BLOOMFIELD, Conn. and MIRAMAR, Fla. - Evernorth, the health services portfolio of Cigna Corporation, today announced that it has completed its acquisition of MDLIVE, a privately held, leading 24/7 virtual care delivery platform.
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