.
MergerLinks Header Logo

New Deal


Announced

Completed

Cigna-backed Evernorth completed the acquisition of MDLIVE for $2bn.

Financials

Edit Data
Transaction Value£1,416m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Completed

Private

Single Bidder

Domestic

Health Care Services

United States

telemedicine

Majority

Acquisition

Friendly

Synopsis

Edit

Cigna-backed Evernorth, a health service company, completed the acquisition of MDLIVE, a telemedicine company, for $2bn. "Becoming part of the Evernorth portfolio is an opportunity for MDLIVE 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," Charles Jones, MDLIVE Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US