CVS Health (NYSE:CVS) announced that it entered into an agreement to acquire Signify Health for approximately $8 billion.
Home healthcare services company Signify Health offers clinical, social, and behavioral services to support value-based healthcare. It provides a mobile network of 10,000 credentialed clinicians who offer in-home evaluations of Medicare Advantage and Medicaid plan members.
CVS said in a news release that Signify Health’s clinicians and providers will engage with CVS Health’s collection of assets, connecting patients to care how and when they need it.
“Signify Health will play a critical role in advancing our health care services strategy and gives us a platform to accelerate our growth in value-based care,” said CVS Health President and CEO, Karen S. Lynch. “This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision …