Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexCryptocurrenciesCybersecurityPress Releases

CVS Health plans to buy Signify Health - WSJ

08/07/2022 | 01:19pm EDT
FILE PHOTO: Illustration shows CVS Health logo

(Reuters) - CVS Health Corp is planning to buy Signify Health Inc as it looks to expand in home-health services, the Wall Street Journal reported on Sunday, citing sources.

Initial bids are due this coming week and CVS is planning to accept one, the reportsaid.

WSJ reported last week that Signify Health is working with bankers to explore strategic alternatives including a sale.

Signify has a market cap of around $4.66 billion based on its stock closing price on Friday, according to Reuters calculations.

CVS and Signify did not immediately respond to requests for comment outside business hours.

(Reporting by Ann Maria Shibu in Bengaluru; Editing by Lisa Shumaker)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CVS HEALTH CORPORATION -0.59% 98.01 Delayed Quote.-4.66%
SIGNIFY HEALTH, INC. 0.69% 29.275 Delayed Quote.104.50%
Latest news "Economy & Forex"
09:54aPhilippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers
RE
09:53aSudanese head north to Egypt seeking brighter future
RE
09:52aRwe says it is preparing to restart niederaussem e and f and neu…
RE
09:52aMany in Bosnia doubt elections will tackle dysfunctional economy
RE
09:47aSterling options volatility soars to highest since Brexit vote
RE
09:44aFrance's EDF posts notice for 24-hour strike starting Wednesday
RE
09:43aAMC hires Citigroup as underwriter for preferred shares
RE
09:39aTotalEnergies Feyzin refinery shut to at least mid-October -union
RE
09:32aTSX opens lower on growth worries
RE
09:32aBMW sees slight growth in 2023, cuts Germany gas intake by 15%
RE
Latest news "Economy & Forex"