- Brighter’s digital health plan platform
will enable Cigna to accelerate and expand its consumer initiatives
and provider partnerships
Cigna (NYSE: CI) today announced that it has acquired Brighter
Inc.
Brighter has emerged as one of health care’s most innovative
technology companies working with leading health service and dental
organizations to engage patients and providers in personalized and
seamlessly integrated experiences to more efficiently deliver
higher-value healthcare.
The acquisition will build upon the already successful
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 maximize cost-savings.
With an experienced team led by co-founders Jake Winebaum and
Jason Szczuka, Brighter will provide Cigna the technology, consumer
expertise, innovation and speed-to-market capabilities necessary
for the ongoing and critical digital transformation of health plans
to enable:
- Consumers to more regularly and
confidently engage with the plans, providers and wellness programs
that are best able to improve their health while reducing
costs;
- Providers to more cost-efficiently
provide their high-quality services by leveraging reduced
marketing, administrative and patient-engagement expenses;
and,
- Employer plan sponsors to quickly enjoy
population health management wins and data-driven recommendations
for ongoing improvements.
“We’re committed to delivering superior experiences that better
connect consumers with high-quality healthcare providers and
wellness programs,” said David M. Cordani, President and Chief
Executive Officer at Cigna. “The acquisition of Brighter
accelerates our progress towards these priorities and in
establishing us as the leader in the digital transformation of our
industry.”
Cigna will integrate Brighter’s digital health plan platform
capabilities as it continuously develops and releases new
end-to-end digital experiences that are designed to create deeper
and more successful relationships amongst consumers, provider
partners and health service organizations.
“When we started Brighter, we set out to use technology and
consumerism to improve the health insurance experience and reduce
unnecessary costs,” Winebaum said. “Our experience with Cigna as a
partner over the past two years has proven that those goals can be
accomplished. I am extremely excited to now be joining Cigna to
further the realization of our shared mission. By combining Cigna’s
expertise, ambition and scale with Brighter’s team and technology,
we look forward to delivering innovative new solutions for Cigna’s
customers and providers.”
Brighter will continue as a market-facing, client-focused
organization serving the digital health needs of its current and
prospective customers, as well as become the digital health engine
for Cigna markets and segments.
The acquisition is consistent with Cigna’s strategy of deploying
capital toward opportunities that enhance the company’s ability to
create value for customers and provider partners in an increasingly
dynamic marketplace, and is an example of ongoing investment in
innovative and disruptive business opportunities.
About Cigna
Cigna Corporation (NYSE: CI) is a global health service company
dedicated to helping people improve their health, well-being and
sense of security. All products and services are provided
exclusively by or through operating subsidiaries of Cigna
Corporation, 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. Such
products and services include an integrated suite of health
services, such as medical, dental, behavioral health, pharmacy,
vision, supplemental benefits, and other related products including
group life, accident and disability insurance. Cigna maintains
sales capability in 30 countries and jurisdictions, and has more
than 95 million customer relationships throughout the world. To
learn more about Cigna®, including links to follow us on Facebook
or Twitter, visit www.cigna.com.
About Brighter
Brighter licenses its innovative SaaS digital health plan
platform and engagement services to leading health services
organizations helping them deliver best-in-class products to their
customers and greater opportunities for their participating
providers. Recognized as the nation’s 4th fastest growing
healthcare software company on Deloitte’s 2017 Technology Fast
500™, Brighter was founded by Internet entrepreneur Jake Winebaum
and co-founder Jason Szczuka and is backed by some of the world's
most respected investors, including Mayfield Fund, Benchmark,
Tenaya Capital and General Catalyst.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release, and oral statements made with respect to
information contained in this release, may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are based on Cigna's
current expectations and projections about future trends, events
and uncertainties. These statements are not historical facts.
Forward-looking statements may include, among others, statements
concerning future financial or operating performance, including our
ability to deliver personalized and innovative solutions for our
customers and clients; future growth, business strategy, strategic
or operational initiatives; economic, regulatory or competitive
environments, particularly with respect to the pace and extent of
change in these areas; financing or capital deployment plans and
amounts available for future deployment; our prospects for growth
in the coming years; and other statements regarding Cigna's future
beliefs, expectations, plans, intentions, financial condition or
performance. You may identify forward-looking statements by the use
of words such as "believe," "expect," "plan," "intend,"
"anticipate," "estimate," "predict," "potential," "may," "should,"
"will" or other words or expressions of similar meaning, although
not all forward-looking statements contain such terms.
Forward-looking statements are subject to risks and
uncertainties, both known and unknown, that could cause actual
results to differ materially from those expressed or implied in
forward-looking statements. Such risks and uncertainties include,
but are not limited to: our ability to identify potential strategic
acquisitions or transactions and realize the expected benefits of
such transactions, including with respect to the acquisition of
Brighter, Inc.; our ability to achieve our financial, strategic and
operational plans or initiatives; our ability to predict and manage
medical costs and price effectively and develop and maintain good
relationships with physicians, hospitals and other health care
providers; the impact of modifications to our operations and
processes, including those in our disability business; the
substantial level of government regulation over our business and
the potential effects of new laws or regulations or changes in
existing laws or regulations; the outcome of litigation, regulatory
audits, investigations, actions and/or guaranty fund assessments;
uncertainties surrounding participation in government-sponsored
programs such as Medicare; the effectiveness and security of our
information technology and other business systems; unfavorable
industry, economic or political conditions including foreign
currency movements; acts of war, terrorism, natural disasters or
pandemics; uncertainty as to the outcome of the litigation between
Cigna and Anthem, Inc. with respect to the termination of the
merger agreement, the reverse termination fee and/or contract and
non-contract damages for claims each party has filed against the
other, including the risk that a court finds that Cigna has not
complied with its obligations under the merger agreement, is not
entitled to receive the reverse termination fee or is liable for
breach of the merger agreement; as well as more specific risks and
uncertainties discussed in our most recent report on Form 10-K and
subsequent reports on Forms 10-Q and 8-K available on the Investor
Relations section of www.cigna.com. You should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made, are not guarantees of future performance or
results, and are subject to risks, uncertainties and assumptions
that are difficult to predict or quantify. Cigna undertakes no
obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as may be required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20171214006213/en/
Cigna CorporationMatt Asensio,
860-226-2599matthew.asensio@cigna.com
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