CVS closes Signify acquisition

 

CVS Health closed its $8B acquisition of Signify health this week. 

 The pharmaceutical retail giant plans to expand its healthcare offering with Signify's at-home care technology, a sector that brings e-commerce strategies into healthcare.

  • The deal saw CVS Health acquire Signify Health's common stock at $30.50 per share, amounting to a total transaction value of $8B.
  • Signify brings its technology and analytics into CVS Health's ecosystem to enhance home care services.
  • CVS also acquired over 10,000 Signify clinicians across the U.S. 
  • CVS's move into clinical practice puts it into competition with e-commerce giant Amazon, which recently closed its acquisition of primary healthcare provider One Medical.

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