logo
  

CVS Health Reportedly In Advanced Talks To Buy Signify Health For About $8 Bln

Drugstore chain owner CVS Health Corp (CVS) is in advanced talks to buy home-healthcare company Signify Health Inc (SGFY) for about $8 billion, the Wall Street Journal reported citing people familiar with the matter.

CVS appears to have beat out other potential buyers including Amazon.com Inc (AMZN) and UnitedHealth Group Inc (UNH), who had also been circling Signify for a deal. The deal could be announced soon, the Journal reported.

The report noted that there is still no guarantee that CVS will reach a deal for Signify, which has been exploring strategic alternatives since earlier this summer.

Bids for the company were due September 6, but the report has said that an eager buyer could make a move before then.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity... Chinese electric vehicle manufacturer Xpeng announced the launch of its two latest smart EV models for a number of European markets. Xpeng G9 flagship SUV, and the new P7 sports sedan are now available for order in Denmark, Norway, the Netherlands, and Sweden. Both models are on show at eCar Expo 2023 in Stockholm from February 3 to 5. Herndon, Virginia- based Shop Me Ca is recalling its 10-gram tubes of "Diep Bao Cream" citing the potential to be contaminated with lead, the U.S. Food Drug Administration said. Diep Bao Cream was sold nationwide through Shop Me Ca's Facebook page and certain Vietnamese Moms' Facebook groups, which are not associated with Shop Me Ca.
Follow RTT