Becker's Healthcare September 5, 2022
CVS Health entered into a definitive agreement Sept .5 to acquire Signify Health, a home health company, for about $8 billion.
1. CVS Health beat out bids from Amazon and other large companies eyeing Signify. UnitedHealth Group was also reportedly interested in Signify, but may not have entered an official bid, according to The Wall Street Journal.
2. Signify’s market capitalization was about $6.7 billion on Sept. 2, up from $4 billion in early August. CVS Health agreed to pay $30.50 per share in a cash transaction expected to close in the first half of 2023.
3. The deal will bring Signify’s nationwide value-based provider network with more...