Signify Health To Acquire Caravan Health In $250 Million Deal, Will Form A Large Network Of At-Risk Provider Organizations

Signify Health announced plans to acquire Caravan Health for $250 million. Caravan Health is a leader in enabling accountable care organizations (ACOs) to succeed in value-based care payment. The transaction will consist of $190 million in cash and $60 million in Signify Health common stock. In addition to the initial purchase price, the transaction includes contingent additional payments of up to $50 million based on the future performance of Caravan Health. The transaction is expected to close in the first quarter of 2022.

Upon closing, Lynn Barr, founder and chairwoman of Caravan Health, will become chief innovation officer of . . .