Insider Intelligence August 23, 2022
The news: Amazon and UnitedHealth Group (UHG) submitted bids to acquire value-based care and home health company Signify Health, per Bloomberg.
Healthcare giants are circling: Retailers like CVS Health have also pursued Signify Health to boost their digital health strategies.
During CVS Health’s latest earnings call, CEO Karen Lynch said M&As will advance the company’s primary care reach.
- Last month, CVS reportedly approached primary care disruptor One Medical for a sale. A deal never materialized, though, and Amazon later swooped in and bought One Medical for nearly $4 billion.
- Now, CVS Health could be left at the altar again as UHG and Amazon go toe-to-toe for Signify. UHG reportedly submitted the highest bid at more than $30 per...