Amazon will be on the interested list to buy Signify Health, a company that combines analytics and technology to provide health care in the home. In the United States, the company works with Medicare Advantage and other plans run by the US government.
According to the Wall Street Journal (WSJ), Signify Health is up for sale and there will be several health industry giants interested in the acquisition. In addition to the health companies, Amazon will also be in this batch of interested parties, according to sources familiar with these plans. If Andy Jassy’s company is really interested in this company, it would be the second acquisition of a health care company in a few months. In July, Amazon donated $3.9 billion to buy One Medical, a company that runs a primary care network.
The WSJ is not the only outlet sharing information about the Signify Health purchase, which could be worth nearly $8 billion. Bloomberg advances that, in addition to Amazon, UnitedHealth Group, which is responsible for insuring 46 million Americans, the pharmaceutical giant CVS Health and Option Care Health are in the race to buy Signify.
None of the companies mentioned by Bloomberg and the Wall Street Journal commented on this news.
According to Bloomberg, UnitedHealth will have presented the highest value, offering $30 per Signify share. Still, Amazon will be close, offering the second highest amount. Bloomberg notes that the plans aren’t finalized yet, so there’s a chance that stakeholders will change their minds or that Signify Health doesn’t want to sell.
If this interest from UnitedHealth is confirmed, the value of 30 dollars per share is several holes above the price of Signify Health in recent months. In the Friday session, for example, Signify bonds closed the day at $21.20.
The company went public in February 2021 and, over the past year, has only managed to break the $30 threshold on a few occasions: after the IPO, when it peaked at $39.44 on March 12, 2021 at $30.17 and on June 18, 2021 when it touched $30.31. This year, the company’s highest price was recorded on August 12, at $22.98. The company’s market value is currently around $4.97 billion.
With news released over the weekend of this potential acquisition, Signify Health stock soars pre-market, up 39.76%.
Amazon donates 3.9 billion to buy US healthcare company One Medical
Source: Observadora
