CVS Health seeks to buy Signify Health - WSJ
Reuters
Published Aug 07, 2022 01:19PM ET
Updated Aug 07, 2022 04:15PM ET
(Reuters) -CVS Health Corp is seeking to buy Signify Health Inc as it looks to expand in-home health services, the Wall Street Journal reported on Sunday, citing sources.
Signify Health is working with bankers to explore strategic alternatives, including a sale, the Journal reported last week.
Initial bids are due this coming week, and CVS is planning to enter one, the report https://on.wsj.com/3bxLmit said.
Signify has a market cap of around $4.66 billion based on its stock closing price on Friday, according to Refinitiv calculations.
A spokeswoman for Signify Health said the company does not comment on market rumors. A spokesman for CVS said the company does not comment on rumors or speculation.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.