Workweek August 8, 2022
CVS MAKING A BID FOR SIGNIFY HEALTH.
News dropped this week that CVS is making a bid to acquire home health and provider enablement platform Signify Health (SGFY) along with other unnamed players. After the announcement, SGFY shot up 12% and is sitting at an enterprise valuation of around $6+ billion.
“…We are expecting to enhance our health services in 3 categories, as you mentioned, primary care, provider enablement and home health…And we are very encouraged and confident that we’ll take the next step on this journey by the end of this year. As you would expect, we are being very disciplined, both strategically and financially, as we pursue kind of our M&A strategy. We can’t be in the primary...