CVS Makes $8 Billion Deal to Acquire In-Home Care Provider Signify Health

CVS and Signify Health have come to an agreement on an acquisition deal. CVS is set to purchase Signify, a company that provides in-home care to patients, both virtually and in-person. This deal would allow CVS to expand its offerings into the care provider space, a move many industry giants have eyed in recent years.

According to CNBC, “are moving further into the health-care sector. Amazon announced in July it was acquiring One Medical, a membership-based chain of boutique doctor offices, for about $3.9 billion. Walgreens is building hundreds of doctor offices next to its drugstores through a partnership with VillageMD, a primary-care company that it acquired a majority stake in.”

To read more, click here.

(Source: CNBC, September 5^th, 2022)