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UnitedHealth, Amazon, CVS Health and Option Care Health are bidding for Signify Health, according to people familiar with the proposal.
The highest bid came from UnitedHealth, which submitted a bid of over $30 per share. But Amazon’s proposal isn’t far behind, reports Bloomberg.
Signify plans to meet with its board on Monday to discuss the offer. A final offer is expected on Sept. 6, but a deal could happen sooner if either party gets ahead of the sales process.
UnitedHealth Group, Amazon, CVS Health and Option Care Health are bidding on Signify Health. (Igor Golovniov/SOPA Images/LightRocket via Getty Images/Getty Images)
The Wall Street Journal first reported that Amazon is bidding on Signify.
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Signify, a provider of home health care technology and services, is up for auction worth more than $8 billion, the WSJ notes.
The highest bid came from UnitedHealth, which submitted a bid of over $30 per share. But Amazon’s proposal isn’t far behind. (iStock/iStock)
Earlier this month, CVS reportedly offered to buy Signify. This is because retailers are making efforts to expand home health care services.
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No offers have been finalized. Bidders may change plans and Signify may choose to remain independent.
Earlier this month, CVS reportedly offered to buy Signify. This is because retailers are making efforts to expand home health care services. (Alex Tai/SOPA Images/LightRocket via Getty Images/Getty Images)
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Signify’s market capitalization is now around $4.97 billion after shares closed at $21.20 on Friday, according to Refinitiv data. The company’s stock has surged 6.7% since reports CVS was considering a takeover.
Reuters contributed to this report.
