Maksim Labkouski
Ecommerce giant Amazon (NASDAQ:AMZN) has joined other bidders in a race to acquire the home health service provider Signify Health (SGFY), The Wall Street Journal reported Sunday, citing people familiar with the matter.
SGFY is for sale in an auction that could value the Dallas-Texas-based company at over $8B, according to the people.
Citing two people familiar with the matter, Bloomberg said later that health insurers UnitedHealth Group Inc. (UNH), CVS Health Corp. (CVS), and home healthcare provider Option Care Health Inc. (OPCH) are also among bidders to acquire SGFY.
SGFY has scheduled a board meeting to evaluate the bids, and the winner could be announced as early as this week, the people added.
According to the people, UNH has submitted the highest bid of more than $30 per share, slightly ahead of AMZN’s offer.
Early this month, WSJ reported that pharmacy retailer CVS Health (CVS) was interested in acquiring SGFY in the wake of latter’s plans to explore strategic alternatives.
At the time, WSJ said that managed care companies and private equity firms could also turn in other bids.
A potential acquisition of SGFY could further expand AMZN’s healthcare ambitions. The tech giant agreed to acquire the membership-based primary care platform One Medical (ONEM) in July for nearly $3.9B in cash.
Image and article originally from seekingalpha.com. Read the original article here.