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Healthcare leaders: disorganization, disparities characterized health crisis
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The major health insurer Cigna is buying the telehealth company MDLive for an undisclosed amount.
The deal is the latest effort by a virtual-care company to ensure its future after the pandemic.
It s also a sign that insurers increasingly see telehealth as a way to make healthcare simpler.
Cigna, a health insurer with a market cap of $74 billion, is buying the telehealth company MDLive, the companies said Friday.
The telehealth startup, which previously said it was exploring a plan to go public in 2021, will be tucked into Evernorth, Cigna s health-services division that also includes its pharmacy benefit manager Express Scripts. The companies didn t disclose financial details but said the deal should close in the second quarter of 2021.
Cityblock Health This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Cityblock Health in December reached a $1 billion valuation and is on track to earn $1 billion in revenue.
The startup cares for Medicaid patients and those eligible for multiple kinds of federal assistance.
Despite caring for folks left behind by our economic system, Cityblock is backed by some of the world s richest venture capital firms.
Iyah Romm and Dr. Toyin Ajayi used to get together on the weekends in Boston, have a beer, and fantasize about transforming the healthcare industry.
Their day jobs at the Commonwealth Care Alliance, one of New England s largest nonprofit health plans, were about improving care, with a finite number of dollars, for the most complicated patients.
Manatt Adds Prominent Tech Consultants and New Media Partner to Its Deep Fintech and Digital and Tec
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Manatt Adds Prominent Tech Consultants and New Media Partner to Its Deep Fintech and Digital and Technology Bench January 08, 2021
Jennifer Millard, Kalon Gutierrez
and Farnaz Alemi bring extensive consulting experience to firm’s hybridized Digital and Technology group
Manatt, Phelps & Phillips, LLP, a multidisciplinary, integrated professional services firm, announced today that managing directors Jennifer Millard and Kalon Gutierrez and partner Farnaz Alemi have joined the firm’s Digital and Technology group. Their arrival further expands Manatt’s extensive business and compliance consulting capabilities, which are central to the firm’s hybridized professional services model. Together, they will add significantly to Manatt’s existing consulting and legal services for global technology, media/entertainment, consumer, retail, fintech, ecommerce and ga
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