Evernorth (Cigna) Acquires MDLIVE

Evernorth / MDLIVE Acquires Bright.md Technology Platform

October 10, 2023

Healthcare Services

Evernorth Health Services, part of The Cigna Group, has acquired the technology and clinical capabilities of Bright.md to integrate asynchronous care, triage, and navigation into MDLIVE's virtual care platform. The deal aims to improve access and convenience for patients, reduce clinician administrative burden, and expand MDLIVE's capabilities for urgent care and chronic condition management.

Sixth Street Growth Invests $50M in MDLIVE

September 14, 2020

Healthcare Services

MDLIVE Inc. closed a $50 million crossover equity investment from Sixth Street Growth to fund expansion of its virtual primary care platform and supporting products. The company also secured a separate $25 million debt expansion to support ongoing growth amid accelerated telehealth demand during the COVID-19 pandemic.

VillageMD to Acquire Summit Health-CityMD for ~$8.9B

November 7, 2022

Healthcare Services

VillageMD entered a definitive agreement to acquire Summit Health-CityMD, a provider of primary, specialty, and urgent care, in a transaction valued at approximately $8.9 billion. Walgreens Boots Alliance will invest $3.5 billion and will remain the largest shareholder, while Evernorth (an affiliate of Cigna) will take a minority ownership position in the combined company. The deal is expected to close in the first quarter of 2023.

National Guardian Life Acquires Everplans

January 25, 2021

Cloud & SaaS

National Guardian Life Insurance Company (NGL) has acquired Everplans, a New York City–based digital life-planning platform. Everplans will operate as a wholly owned subsidiary of NGL and will continue serving its consumer and advisor customers while leveraging NGL’s capital and distribution to accelerate product development and digital transformation.

Sun Life Acquires PinnacleCare

April 23, 2021

Healthcare Services

Sun Life Financial agreed to acquire PinnacleCare, a Maryland-based medical intelligence and health-care navigation provider, for US$85 million to expand its U.S. Stop-Loss & Health business. The acquisition (expected to close mid-2021) will integrate PinnacleCare's care-navigation and second-opinion capabilities into Sun Life's stop-loss offering to improve member outcomes and reduce costs.

Marathon Health Merges with Everside Health to Create Largest Open‑Access Advanced Primary Care Network

March 25, 2025

Healthcare Services

Marathon Health completed the integration of its February 2024 merger with Everside Health, creating a combined advanced primary care platform that now serves more than 3 million covered lives through 750+ health centers across 41 states and virtual care. The companies migrated hundreds of locations and clinical teammates onto a single technology platform (Ignite) to unify operations, improve care coordination and scale employer‑sponsored primary care and occupational health services.