CVS takes lead in talks to acquire Signify Health: report

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.

UNITEDHEALTH, AMAZON, CVS HEALTH, CARE OPTION BID ON SIGNIFY HEALTH

CVS has reportedly offered to buy Signify as the retail company continues its push to expand home health services. (Alex Tai/SOPA Images/LightRocket via Getty Images/Getty Images)

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.

UnitedHealth Group

UnitedHealth Group, Amazon, CVS Health and Option Care Health were interested in an offer for Signify Health. (Igor Golovniov/SOPA Images/LightRocket via Getty Images/Getty Images)

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.

CVS PLANS TO MOVE TO PRIMARY CARE BY END OF 2022

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%
AMZN AMAZON.COM INC. 127.51 -0.31 -0.24%

The Wall Street Journal reported earlier that CVS was in advanced talks to buy Signify.

CVS store location

A CVS pharmacy is seen in Bloomsburg, Pennsylvania. (Paul Weaver/SOPA Images/LightRocket via Getty Images/Getty Images)

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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.

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