Even though the startup added members to plans and expanded to several states last year, it faces flagging financial performance that could tamp down investor enthusiasm.
The deal, which is expected to close in the second quarter of this year, will mean MDLive's telemedicine offerings will be available to Evernorth's third-party clients, along with Cigna's medical customers and clients in the U.S.
Kaufman Hall's national hospital flash report found ED visits were down 24.7% year over year in January, suggesting one of the biggest feeders into inpatient admissions will remain significantly depressed.
The FDA is widely expected to authorize the drugmaker's one-dose shot. But the advisory committee meeting beforehand will offer a window into debate over several key issues.
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