Healthcare DIVE January 17, 2024
The acquisition comes months after Bright.md’s technology was purchased by Cigna’s Evernorth segment.
Dive Brief:
- 98point6 Technologies purchased the remainder of asynchronous telehealth provider Bright.md’s assets for an undisclosed sum, the virtual care software firm said on Tuesday.
- The deal, a split of 45% cash and 55% equity, includes Bright.md’s commercial assets, including 16 customer contracts as well as the firm’s sales and customer success teams, a spokesperson told Healthcare Dive.
- The acquisition comes months after Bright.md’s technology was scooped up by Evernorth, insurer Cigna’s health services division.
Dive Insight:
Merger and acquisition activity among healthcare technology companies could heat up in 2024 as venture capital funding declines and buyers look for more integrated product offerings, experts...
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