PYMNTS.com August 7, 2022
CVS is reportedly looking to purchase healthcare platform Signify Health, which would allow the drugstore chain to expand into home health services.
Signify has been exploring “strategic alternatives,” which could include a sale, according to a report from the Wall Street Journal Sunday (Aug. 7) that cited unnamed sources.
The initial bids are coming due soon, and sources told the Journal CVS was about to submit one. However, CVS might face some competition from other managed-care providers and private equity firms, and Signify has not made any decisions yet.
If CVS did get the acquisition, it could help the company add more gravitas to its medical service provider operations — and the company said it wants to have a deal...
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