CVS Health Corp. reportedly took the lead in the heavyweight battle for home healthcare company Signify Health Inc.
CVS is said to be in advanced talks with an offer of around $8 billion, according to Bloomberg.
Signify is a provider of home healthcare technology and services.
Companies could announce an agreement next week with a value of more than $30 per share.
Amazon.com and UnitedHealth Group also wanted to strike a deal.
There’s still no guarantee that CVS will reach a deal for Signify, which has been exploring strategic alternatives since the start of the summer.
Representatives for Signify and CVS declined to comment.
Amazon announced in July that it would buy US primary health care supplier One Medical for $18 per share, in an all-cash deal valued at approximately $3.9 billion.
This deal is under investigation as the Federal Trade Commission requested more information about the acquisition.
|Teleprinter||Security||Last||To change||To change %|
|SVC||CVS HEALTH CORP.||99.47||-0.43||-0.43%|
|SGFY||MEANS HEALTH INC||28.77||+0.38||+1.34%|
|A H||UNITEDHEALTH GROUP INC.||516.35||-7.65||-1.46%|
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 on Friday, giving it a market value of around $6.7 billion.
Landon Mion of FOX Business contributed to this report.