Healthcare Finance News September 5, 2022
Amazon, UnitedHealth Group were also reportedly interested in buying the home health platform.
CVS Health has acquired Signify Health, besting Amazon, UnitedHealth Group and others, in acquiring the home health platform.
CVS has entered a definitive agreement to acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8 billion, CVS announced on Monday.
Signify was reportedly for sale by auction, with board members holding a meeting on Labor Day to discuss the bids.
Kyle Armbrester, CEO of Signify Health, said by statement,. “As we carefully considered our long-term strategic options, we determined that CVS Health is the ideal partner, given its focus on expanding access to health services and helping consumers navigate to...
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