CVS Health has agreed to buy home healthcare services company Signify Health for about $8 billion in cash, a move that will enable one of the largest US healthcare companies to provide further care management to patients in their homes.
Healthcare companies like CVS have been expanding beyond managing health and pharmacy benefits with acquisitions of doctors groups and surgical centers in recent years.
“We’ve been very clear about what we were looking for in expanding our health services, either be it primary care, provider enablement or in the home, and Signify Health clearly checks off two boxes: into the home and provider enablement,” CVS CEO Karen Lynch said in an interview.
Signify Health brings CVS, which runs pharmacies, pharmacy benefits and the Aetna insurance plans, a network of 10,000 clinicians who provide home-based assessments of patient health and social needs.
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