Aug 22 (Reuters) – Amazon.com Inc (AMZN.O), UnitedHealth Group Inc (UNH.N) and CVS Well being Corp (CVS.N) are bidding individually for residence well being providers supplier Signify Well being Inc (SGFY.N), Bloomberg Information reported on Sunday, citing individuals with information of the matter.
Amazon’s reported curiosity is the newest signal of the e-retailer’s ambitions in healthcare, and comes a month after it agreed to purchase One Medical (ONEM.O), which operates brick-and-mortar physician’s workplaces and gives telehealth providers, for $3.49 billion. learn extra
UnitedHealth has submitted the very best bid for Signify, in extra of $30 a share, whereas Amazon’s supply is shut behind, Bloomberg reported.
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Dallas, Texas-based Signify’s shares surged 36.8% to $29 in premarket buying and selling on Monday. At these ranges, the corporate would have a market capitalization of $6.8 billion.
Signify will maintain a board assembly on Monday to debate the bids, and remaining bids are anticipated by Sept. 6, Bloomberg mentioned.
Choice Care Well being Inc (OPCH.O), which offers residence well being providers, can be among the many bidders, Bloomberg reported.
Signify conducts at-home well being evaluations, and its prospects embody well being insurers, authorities and personal employers, hospital operators and doctor teams.
The Wall Avenue Journal additionally reported on Sunday that Amazon was bidding for Signify and that Signify was up on the market in an public sale that would worth it at properly over $8 billion.
Amazon mentioned it doesn’t touch upon hypothesis, and so did UnitedHealth. The opposite firms didn’t reply to Reuters’ requests for touch upon Sunday.
Earlier this month, the Wall Avenue Journal reported CVS was looking for to purchase Signify because it regarded to increase in-home well being providers. learn extra
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Reporting by Juby Babu and Manas Mishra in Bengaluru; Enhancing by Christopher Cushing, Deepa Babington, Lincoln Feast and Shinjini Ganguli
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