Workweek September 10, 2022
CVS Health outbid Amazon and UnitedHealth Group to acquire home health company Signify Health for $8B. Are you convinced that health care at home will be the next big thing?
THE DEETS
CVS’s acquisition will give them access to Signify’s 10,000 clinicians in all 50 states, technology to coordinate care and nearly 2.5 million homes (read: a good referral stream to other CVS Health services).
Signify operates by sending clinicians to patients’ homes. There, they work up patients’ medical and social needs, and with Signify’s technology, can properly coordinate care with different services. According to Signify’s CEO, Kyle Armbrester, Signify’s clinicians spend on average 2.5 times longer with patients than the typical doctor’s office. By meeting patients where...
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