Cigna’s Health Services Portfolio Evernorth Acquires MDLIVE Telehealth Platform

Evernorth, the health services portfolio of Cigna, announced it entered into a definitive agreement to acquire MDLIVE, a privately held telehealth platform. Upon completion, this transaction will provide Evernorth with a highly complementary platform that will rapidly expand Evernorth's capabilities to deliver a more affordable, convenient, and connected consumer care experience. The two companies had a previous relationship. The transaction is expected to close in the second quarter of 2021, subject to receipt of required regulatory approvals. Financial terms were not disclosed.

“Customers expect more convenient care interactions, and COVID-19 has rapidly accelerated this need. We see an . . .