CVS Health to Acquire Signify Health for ~$8B
Shots:
- Under the agreement, CVS Health will acquire Signify Health’s stock for $30.50 per share in cash for a total transaction value of ~$8B which is expected to be closed in the H1’23
- Private equity funds affiliated with New Mountain Capital owns ~60% of Signify Health’s common stock, have agreed to vote the shares they own in favor of the transaction
- As part of CVS Health, Signify Health will help providers transition to value-based reimbursement and improve quality of care through continue the advancement of its extensive primary care enablement capabilities incl. turnkey analytics, network, and practice improvement solutions
Ref: PR Newswire | Image: PR Newswire
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Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.
