August 12, 2022 – CVS Health is looking to buy Signify Health to help expand their in-home health services. The Wall Street Journal reported last week that Signify Health is working with bankers to explore strategic alternatives, including a potential sale.
The initial bids are due in the next week, and CVS is reportedly planning to enter one. Signify Health uses analytics and technology to help health plans and providers with in-home care, offering home health evaluations for Medicare Advantage and other managed-care plans.
If the deal were to happen, CVS would become an even larger provider of medical services, expanding from recent efforts to add primary care practices and doctors to their offerings.