CVS Health advances healthcare strategy in acquiring Signify Health for $8 billion

Healthcare Finance Information September 5, 2022
Susan Morse

Amazon, UnitedHealth Group have been additionally reportedly inquisitive about shopping for the house well being platform.

CVS Well being has acquired Signify Well being, besting Amazon, UnitedHealth Group and others, in buying the house well being platform.

CVS has entered a definitive settlement to accumulate Signify Well being for $30.50 per share in money, representing a complete transaction worth of roughly $8 billion, CVS introduced on Monday.

Signify was reportedly on the market by public sale, with board members holding a gathering on Labor Day to debate the bids.

Kyle Armbrester, CEO of Signify Well being, mentioned by assertion,. “As we fastidiously thought-about our long-term strategic choices, we decided that CVS Well being is the perfect companion, given its give attention to increasing entry to well being providers and serving to shoppers navigate to the perfect…

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