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Riding a wave of pandemic-fueled momentum for virtual care, Cigna subsidiary Evernorth is acquiring telehealth provider MDLive, the companies announced Friday.

The news marks a significant strategic pivot for MDLive — which had at one point planned to go public at the start of the year — and reflects broader shifts in the virtual care landscape as the public stage for telehealth companies grows increasingly crowded. Cigna, a longtime investor in MDLive, will wrap the telehealth provider into Evernorth’s portfolio of health services, which already includes chronic care and pharmacy capabilities.

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