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Cigna Acquires Healthcare Software Firm Brighter.

M2 EQUITYBITES-December 18, 2017-Cigna Acquires Healthcare Software Firm Brighter

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18 December 2017 - Connecticut, US-based health service company Cigna (NYSE: CI) has acquired California, US-based healthcare software firm Brighter Inc. to expand digital engagement for health care consumers, the company said.

Terms of the transaction were not disclosed.

The acquisition will build upon the existing relationship between Cigna and Brighter by accelerating the development of Cigna's mobile and desktop platforms and creating new end-to-end experiences that connect health consumers and providers with the guidance, support and incentives they need to increase quality of care and maximise cost-savings.

Cigna will integrate Brighter's digital health plan platform capabilities as it develops and releases new end-to-end digital experiences that are designed to create relationships among consumers, provider partners and health service organisations.

Brighter will continue as a market-facing, client-focussed organisation serving the digital health needs of its current and prospective customers, as well as become the digital health engine for Cigna markets and segments.

Cigna Corp. (NYSE: CI) provides products and services by or through operating subsidiaries of Cigna Corp., including Cigna Health and Life Insurance Company, Connecticut General Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Cigna maintains sales capability in 30 countries and jurisdictions, and has more than 95m customer relationships throughout the world.

Brighter is a health care technology company that licenses its SaaS digital health plan platform and engagement services to health services organisations helping them deliver products to customers and greater opportunities for participating providers. Brighter is backed by Mayfield Fund, Benchmark, Tenaya Capital and General Catalyst.

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Publication:M2 EquityBites (EQB)
Date:Dec 18, 2017
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