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.
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.
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.
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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.