Davis Polk advised MDLIVE on the deal.
MDLIVE, Inc. executed its acquisition by Evernorth. The transaction, which is expected to close in the second quarter of 2021, is subject to customary closing conditions.
MDLIVE offers convenient, affordable and contagion-free virtual healthcare services to over 60 million members nationwide.
Evernorth, a wholly owned subsidiary of Cigna Corporation, brings together and coordinates premier health services offerings to deliver innovative and flexible solutions for health plans, employers and government programs.
The Davis Polk corporate team included partners Harold Birnbaum (Picture) and William H. Aaronson and associates Soo Lim and Christine Choi. Partner David R. Bauer provided intellectual property advice. Partner William A. Curran and associate Danielle Rapaccioli provided tax advice. Partner Veronica M. Wissel and associate Abigail Lane provided executive compensation advice. Partner Ronan P. Harty provided antitrust and competition providing advice.
Involved fees earner: William Aaronson – Davis Polk & Wardwell; David Bauer – Davis Polk & Wardwell; Harold Birnbaum – Davis Polk & Wardwell; Christine Choi – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Ronan Harty – Davis Polk & Wardwell; Abigail Lane – Davis Polk & Wardwell; Soo Lim – Davis Polk & Wardwell; Danielle Rapaccioli – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell;
Law Firms: Davis Polk & Wardwell;