Evernorth, a subsidiary of Cigna Health Services, acquires health care provider MDLive

• The “governor” of the Cigna health service agrees with the client to apply for Telehealth certification in MDLive quick life and the banks sign the order for permanent virtual assistance after COVID-19.

• The deal, expected to close in the second quarter of this year, means MDLive’s telemedicine products will be available to other secondary customers, along with Cigna Healthcare’s customers and their customers in financial terms. 

• Cigna plans to hit its annual fundraising target of at least $ 165 billion by March 8, according to SEC data on Friday. The Bloomfield, Connecticut-based provider plans to increase operating income to at least $ 6.95 billion or $ 20 per share by 2021. The forecast includes the impact of the MDLive acquisition.

The telemedicine market is increasingly filled with demand for COVID-19 icy tourist assistance. Small businesses have been busy in the air to compete with many competing telemedicine teams like Teladoc and Amwell. To the ultimate goal – end-to-end care, to the individual – to its competition first.

Cigna has a long history of working with MDLive and the retail industry, but bringing together a telemedicine clientele under its umbrella will help renew MDLive’s growth plans in this rapidly changing environment. The main goals are the early identification and identification of needs, the early provision of services, including specialists, and easy access to adequate facilities to store and supplement medicines, the company said in a press release.

Over the past few months, rumors have circulated that MDLive will follow most of its competition and go the IPO route, but Friday’s announcement makes it clear that this is not on paper.

The acquisition will also benefit Cigna, as insurers begin to try to bring more home health services to complement care providers, rather than looking for difficult issues on their own.

Cigna reconfirmed its health services division as governor in September in a bid to show more interest in its products to potential customers. From the government, the parent company that benefits pharmacy Express Scripts, privately-owned Accredo, and health manager eviCore, received $ 116.1 billion in revenue for Cigna last year, up 20% in 2019, according to the report. Cigna annual.

Like its peers, private retailers MDLive saw a rapid increase in visits last year, as consumers sought digital ways to access healthcare for the safety of their homes. In the first half of 2020, MDLive saw its international visits increase by 95% and its book volume by 300%, special visits such as behavioral and skin health, especially when needed.

Since its inception in 2009, MDLive has raised nearly $ 200 million in investments, with Cigna as the fundraising target. Recently, the company announced a $ 50 million grant in September to build its program, first for maintenance.