Advertisement

CVS Continues Medtail Expansion with $8B Acquisition of Signify Health

CVS has acquired the healthcare platform Signify Health for $8 billion.

CVS Health has emerged victorious in what was reportedly a heated bidding war for Signify Health. The pharmacy chain beat out other rumored bidders including Amazon and UnitedHealthcare to acquire the healthcare platform in a deal valued at approximately $8 billion.

“Signify Health will play a critical role in advancing our healthcare services strategy and gives us a platform to accelerate our growth in value-based care,” said CVS Health President and CEO Karen S. Lynch in a statement. “This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision to redefine the healthcare experience. In addition, this combination will strengthen our ability to expand and develop new product offerings in a multi-payor approach.”

The Signify Health platform leverages advanced analytics, technology and nationwide healthcare provider networks to power a range of value-based health and wellness payment programs. The company has a network of more than 10,000 clinicians across all 50 states and a nationwide value-based provider network that it leverages to offer care coordination services. Signify Health clinicians, physicians, nurse practitioners and physician assistants utilize home-based visits (both in person and virtual) to identify a patient’s clinical and social needs and then connect them to appropriate follow-up care and community-based resources. In 2022, Signify Health’s clinicians expect to connect with nearly 2.5 million unique members.

In March 2022, Signify Health acquired Caravan Health to expand its focus on value-based care. Caravan partners with more than 170 providers participating in accountable care organizations (ACOs) serving Medicare beneficiaries with a focus on improving the health of underserved communities. As part of CVS, Signify Health will continue to advance these primary care enablement capabilities, including turnkey analytics, network and practice improvement solutions.

Advertisement

The Signify Health acquisition is only the latest in CVS’s ongoing expansion into healthcare services, which has included:

The Signify Health acquisition has been approved by the boards of both companies and is expected to close in the first half of 2023. Following the completion of the transaction, current CEO Kyle Armbrester will continue to lead Signify Health as part of CVS Health.

“Signify Health’s mission is to build trusted relationships to make people healthier by using actionable intelligence to understand what’s really impacting outcomes and cost today,” said Armbrester in a statement. “As we carefully considered our long-term strategic options, we determined that CVS Health is the ideal partner, given its focus on expanding access to health services and helping consumers navigate to the best sites of care. We are both building an integrated experience that supports a more proactive, preventive and holistic approach to patient care, and I look forward to executing on our shared vision for the future of care delivery.”

Featured Event

View the Retail Trendcaster Webinar Series on-demand to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

On-Demand Limited Video Series

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. View the full lineup of the Retail Trendcaster video series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Access Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: