Cigna Group's Evernorth Health Services, Acquires Bright.md Technology Platform, Enhances MDLIVE's Virtual Care Experience For Patients And Clinicians; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Evernorth Health Services, a division of The Cigna Group (NYSE:CI), is set to enhance MDLIVE's virtual care by acquiring the technology and clinical capabilities of Bright.md. The acquisition will add asynchronous care, triage, and navigation capabilities to MDLIVE's virtual care platform, aiming to improve patient access to high-quality care and reduce the total cost of care. The new features will be available for patients and clinicians beginning in 2024. Additionally, MDLIVE is expanding its virtual primary care service to include health coaching for patients with chronic conditions.
October 10, 2023 | 8:38 pm
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Cigna's Evernorth division is acquiring Bright.md to enhance its MDLIVE virtual care platform. This acquisition could potentially improve patient access to high-quality care and reduce costs, which may positively impact Cigna's reputation and customer base.
The acquisition of Bright.md by Cigna's Evernorth division is expected to enhance the capabilities of its MDLIVE virtual care platform. This could potentially lead to an increase in the number of users of the platform, thereby increasing revenues. Additionally, the enhancement of the platform could improve the company's reputation in the healthcare industry, which could indirectly lead to an increase in the company's stock price.
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