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CVS To Buy Signify Health for $8 Billion

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
CVS To Buy Signify Health for $8 Billion

CVS To Buy Signify Health for $8 Billion

CVS To Buy Signify Health , for $8 Billion.

CNBC reports that the companies made the announcement on Sept.

5.

This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision to redefine the health care experience, Karen Lynch, CVS Health President and CEO, via news release.

This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision to redefine the health care experience, Karen Lynch, CVS Health President and CEO, via news release.

As part of the deal, CVS will pay $30.50 per share in cash.

CVS's acquisition of Signify, an in-home health care company, comes as rivals Amazon and Walgreens make moves within the sector as well.

CVS's acquisition of Signify, an in-home health care company, comes as rivals Amazon and Walgreens make moves within the sector as well.

CVS's acquisition of Signify, an in-home health care company, comes as rivals Amazon and Walgreens make moves within the sector as well.

Amazon is buying One Medical for $3.9 billion, and Walgreens announced a major stake in CareCentrix, an at-home care technology platform.

.

Amazon is buying One Medical for $3.9 billion, and Walgreens announced a major stake in CareCentrix, an at-home care technology platform.

.

The CVS-Signify deal is expected to close next year.

It must first obtain regulatory approval.

New Mountain Capital, which owns 60% of Signify's stock, said it will support the deal


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