CVS Health to Acquire Signify Health for ~$8B
- 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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