MDLIVE, Inc.
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MDLIVE, Inc. - overview
Established
2009
Location
Miramar, FL, US
Primary Industry
Healthcare IT
About
Founded in 2009 and based in Florida, US, MDLIVE, Inc. is a provider of online video consultation for patients and medical professionals. The company was founded by Dr. Steve Gurland and Randy Parker.
In September 2020, MDLIVE, Inc. raised USD 25 million in venture debt funding from unspecified investors and also, raised USD 50 million in venture funding from new investor Sixth Street Growth. In February 2021, Cigna Corporation agreed to acquire MDLIVE, Inc. As of 2021, the company’s Chief Executive Officer and Chairman are Charles S.
Jones and it has more than 60 million members. MDLIVE operates a network of physicians, dermatologists, psychiatrists, and therapists providing virtual health care to patients through its online platform. MDLIVE allows patients to consult with doctors in real-time through video conference or schedule an online appointment for later, and also to get a medical prescription if needed without leaving the house. MDLIVE users can create a free account in the platform and get immediate online consultation on both mobile and online for a price.
The company’s consultation prices range from free to USD 82 for urgent Care; USD 108 for therapy; USD 28 for psychiatry; USD 95 for dermatology depending on the insurance. MDLive is estimated to generate revenue of around USD 120 million in 2020. The company plans to strategically expand its virtual primary care digital health platform and launch additional products and services for its members.
Current Investors
Industry Ventures, Novo Holdings, Health Care Service Corporation
Primary Industry
Healthcare IT
Sub Industries
Clinics/Outpatient Services, Healthcare IT, Music & Video Streaming Software, Medical Software
Website
www.mdlive.com
Verticals
Cloud Computing, HealthTech, Mobile Apps
Total Amount Raised
Subscriber access only
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