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CVS Health Corp. is reported to have taken the lead in the battle between the heavyweights of home health care company Signify Health Inc.
CVS is said to be in a file The talks are progressing with a bid of about $8 billion, according to Bloomberg.
Signify is a provider of technology and services for home health.
Companies can Announce a deal next week at more than $30 a share.
UnitedHEALTH, AMAZON, CVS HEALTH, OPTION CARE BIDDING ON HEALTH HEALTH
CVS has reportedly offered to buy Signify as the retailer continues its efforts to expand in-home health services. (Alex Tay/SOPA Images/LightRocket via Getty Images/Getty Images)
Amazon.com and UnitedHealth Group are also interested in striking a deal.
There is still no guarantee that CVS will reach a deal for Signify, which has been exploring strategic alternatives since earlier this summer.
Signify and CVS representatives declined to comment.
UnitedHealth Group, Amazon, CVS Health and Option Care Health have expressed interest in bidding for Signify Health. (Igor Golovniov/SOPA Images/LightRocket via Getty Images/Getty Images)
Amazon announced in July that it would acquire the United States Primary health care Provider One Medical for $18 per share, in an all-cash deal valued at approximately $3.9 billion.
CVS plans to transition to primary care by the end of 2022
This transaction is under investigation as the Federal Trade Commission requested more information about the acquisition.
| ribbon | protection | else | they change | they change % |
|---|---|---|---|---|
| CVS | CVS HEALTH CORP. | 99.47 | -0.43 | -0.43% |
| SGFY | Important health company | 28.77 | +0.38 | + 1.34% |
| United nations | UnitedHealth Group of Companies | 516.35 | -7.65 | -1.46% |
| AMZN | AMAZON.COM INC. | 127.51 | -0.31 | -0.24% |
The Wall Street Journal previously reported that CVS was in advanced talks to buy Signify.
CVS Pharmacy is located 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 trading on Friday, giving it a market value of about $6.7 billion.
Landon Mion of FOX Business contributed to this report.
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