CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday.
CVS said it will pay $30.50 a share in cash for Signify, an acquisition that would build on its growing health-care services. Signify offers patient care through virtual and in-person visits, using technology and analytics to power its service.
CVS Chief Financial Officer Shawn Guertin described the acquisition as “an anchor asset” that would help the drugstore giant reach more patients and improve the quality of care.
Source: CNBC
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