CVS Health has agreed to buy home healthcare provider Signify Health for about $8bn, beating Amazon in a hotly contested takeover battle and opening a new front in the pharmacy chain’s effort to become a diversified healthcare juggernaut.
Signify shareholders will receive $30.50 per share in cash, a 6 per cent premium to the company’s share price as of Friday’s close.
The Dallas, Texas-based company boasts a network of 10,000 clinicians across the US who provide in-home health assessments to a wide range of patients, including those covered by the government-funded Medicare programme.
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