CVS To Acquire Signify Health For $8 Billion

CVS Health entered a definitive agreement to acquire Signify Health for about $8 billion. 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 Health and Signify Health anticipate that the transaction will close in the first half of 2023.

Following the close of the transaction, Kyle Armbrester will continue to lead Signify Health as part of CVS Health. Signify Health's extensive network of over 50 health plan clients and their members will further augment CVS . . .