Promotes long-term strategy by providing a platform for growth in value-based care
WOONSOCKET, RI, Dallas and NEW YORK, September 5, 2022 /PRNewswire/ — CVS Health® CV and mean health SGFY (“Signify”) have entered into a definitive agreement under which CVS Health will acquire Signify Health $30.50 per share in cash, representing a total transaction value of approximately 8 billion dollars.
Signify Health is a leader in health risk assessment, value-based care and service delivery. With a network of more than 10,000 physicians in all 50 states and a nationwide value-based provider network, combined with its proprietary analytics and technology platforms, Signify Health improves patient engagement, patient outcomes and care coordination for stakeholders across the healthcare system. Signify Health’s clinicians and providers can have an even greater impact by engaging with CVS Health’s unique collection of assets, connecting patients to care how and when they need it.
“Signify Health will play a critical role in advancing our healthcare services strategy and providing us with a platform to accelerate our growth in value-based care,” said CVS Health President and CEO. Karen S Lynch. “This acquisition will strengthen our connection to consumers at home and enable providers to better serve patients’ needs as we execute on our vision to redefine the healthcare experience. Additionally, this combination will strengthen our ability to expand and develop new product offerings in a multi-payor approach.”
Signify Health’s network of clinicians—physicians, nurses, and physician assistants—use home visits to assess a patient’s clinical and social needs, then connect them with appropriate follow-up care and community-based resources so the patient has a more connected, effective care experience. In 2022, Signify Health’s clinicians expect to connect with nearly 2.5 million individual members at home, both in person and…
