Amazon is among the bidders for healthcare company Signify Health, joining other heavy hitters vying in an auction for the home-health-services provider, according to people familiar with the matter.
Amazon, CVS and UnitedHealth Group are competing to acquire Signify The Wall Street Journal and Bloomberg reported Sunday, citing people familiar with the matter.
Signify is up for sale in an auction that could value it at more than $8 billion, the Journal reported. The company will hold a board meeting Monday to discuss the bids, and final bids are due around Labor Day, according to the Journal.
Signify, which provides technology to help with in-home care, has a market cap of roughly $4.97 billion.
UnitedHealth has submitted the highest bid for Signify, in excess of $30 a share, while Amazon’s offer is close behind, Bloomberg reported.
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