CVS Health Corp. has reportedly taken the lead in the battle among heavyweights for the home-healthcare company Signify Health Inc.CVS is said to be in advanced talks with a bid of around $8 billion, according to Bloomberg.
Signify is a provider of technology and services for home health.
The companies could announce a deal next week with a value of more than $30 a share.
Amazon.com and UnitedHealth Group have also been interested in making a deal.
There is still no guarantee that CVS will reach a deal for Signify, which has been exploring strategic alternatives since earlier this summer.
Amazon announced in July that it will acquire U.S. primary health care provider One Medical for $18 per share, in an all-cash deal valued at about $3.9 billion.
That deal is under investigation as the Federal Trade Commission has asked for more information on the acquisition.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| CVS | CVS HEALTH CORP. | 99.47 | -0.43 | -0.43% |
| SGFY | SIGNIFY HEALTH INC | 28.77 | +0.38 | +1.34% |
| UNH | UNITEDHEALTH GROUP INC. | 516.35 | -7.65 | -1.46% |
| AMZN | AMAZON.COM INC. | 127.51 | -0.31 | -0.24% |
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The Wall Street Journal reported earlier that CVS was in advanced talks to buy Signify.
Signify rose 1.3% to close at $28.77 in New York trading Friday, giving it a market value of about $6.7 billion.
https://www.foxbusiness.com/markets/cvs-takes-lead-talks-acquire-signify-health-report
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