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CVS to Buy Signify Health in Deal Pushing Beyond Retail

  • Purchase for $8 billion is one of drugstore chain’s biggest
  • Cash deal gives CVS a growth opportunity in value-based care
Updated on

CVS Health Corp. reached a deal to buy home-health and technology services provider Signify Health Inc. for about $8 billion, as the drugstore chain continues to expand beyond its retail origins.

CVS is acquiring Signify for $30.50 a share in an all-cash deal, according to a statement Monday. The company emerged as the winning bidder over potential suitors that, Bloomberg News previously reported, had included UnitedHealth Group Inc., Amazon.com Inc. and Option Care Health Inc.