CVS Health To Acquire Signify Health In Deal Valued At $8 Billion

On September 5, 2022, CVS Health entered a definitive agreement to acquire Signify Health for about $8 billion. The companies anticipate that the transaction will close in the first half of 2023. Private equity funds affiliated with New Mountain Capital, which owns approximately 60% of the common stock of Signify Health, have agreed to vote the shares they own in favor of the transaction. CVS anticipates that the acquisition will advance its long-term strategy by providing a platform to expand value-based care and connect CVS Health consumers, especially those receiving home-based services, to care how and when . . .