Amazon.com a company
Among the bidders for a healthcare company
sign of health a company ,
Join other hitters competing in an auction for a home health provider, according to people familiar with the matter.
People said Signify is up for auction that could be valued at more than $8 billion. Bidding is scheduled for Labor Day, according to People, but it’s always possible for an eager bidder to strike a deal before then.
CVS Health Corp. is also between the suitorsThe Wall Street Journal previously reported, the pharmaceutical and insurance giant is looking to expand into home health services. And according to People, UnitedHealth Group Inc. And another corporate buyer also revolves around the company.
There is no guarantee that any of them will reach a deal for Signify, which has been exploring strategic alternatives. The healthcare company’s market cap is around $5 billion, boosted since the magazine first mentioned About the possibility of concluding a deal early this month.
Signify uses analytics and technology to help employers, health plans, physician groups, and health systems with home care. Offers home health assessments for Medicare Advantage and other government-operated managed care plans.
The deal marks Amazon’s latest foray into the healthcare sector, and the second time in recent months it has faced CVS.
E-commerce, media and technology giant in July agreed to pay 3.9 billion dollars for
1 Live Healthcare a company ,
which operates a primary care clinic under the name One Medical. This transaction represents the first major acquisition announced during the tenure of CEO Andy Gacy, for whom it represents the expansion of the healthcare space. top priority.
CVS also examined one of the medical parents, according to people familiar with the matter.
New York-based private equity firm New Mountain Capital is an investor in Signify, having first backed it in 2017.
write to Laura Cooper at [email protected]
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Featured in print on August 22, 2022 as “Amazon Joins Bidding for Signify”.
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