CNBC's Bertha Coombs joins 'Squawk Box' to break down CVS' plan to acquire home health company Signify Health for about $8 billion.

Deal! CVS Wins $8B Bid for Signify Health

06:52am, Tuesday, 06'th Sep 2022
CVS emerged as the winner and closed an $8 billion deal in a hotly contested bid to acquire value-based healthcare solutions platform Signify Health, beating Amazon and UnitedHealthcare as big compani
Shares of Signify Health Inc. sgny gained 0.4% in premarket trading Tuesday, after the home-health provider announced over the long weekend an agreement to be acquired by CVS Health Corp. CVX, +1.49%
Driving its way into being a full-service healthcare provider will come with challenges but also the potential for reward.
On September 5, CVS Health (NYSE: CVS) agreed to acquire Signify Health (NYSE: SGFY) for $30.
CVS Health Corp (NYSE:CVS) said on Monday that it has agreed to acquire US home healthcare services company, Signify Health for about $8 billion in cash, after a bidding battle in which Amazon.com Inc
"We can't be in primary care without M&A. We've been very clear about that," CVS CEO Karen Lynch told analysts last month.
The $8 billion purchase will take the drugstore giant closer to its mission of being an integrated healthcare provider.
CVS Health will acquire home care company Signify Health for $8 billion as retail pharmacies add more primary care and in-home medical services.
The drugstore giant's deal to acquire home-healthcare company Signify Health will add 10,000 contracted doctors and clinicians.
The Signify acquisition comes as CVS rivals from Amazon to Walgreens are moving further into the health-care sector.
As an investor initially drawn to Walgreens' dividend champ status, I begin to be concerned about the unthinkable: the possibility of a dividend cut. Its profitability has been deteriorating in the pa
The competition to acquire Signify Health could be coming to an end as CVS is reportedly in advanced talks to buy the company for $8 billion.
Once Signify Health indicated it was open to a sale early last month, several big brands — CVS, Amazon, UnitedHealth Group — have shown interest, but CVS seems to have taken the lead and could be

CVS Is in Advanced Talks to Buy Signify Health

06:31pm, Friday, 02'nd Sep 2022
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