CVS Health Corp is planning to buy Signify Health Inc as it looks to expand in home-health services, the Wall Street Journal reported on Sunday, citing sources. Initial bids are due this coming week and CVS is planning to accept one, the report https://on.wsj.com/3bxLmit said. WSJ reported last week that Signify Health is working with bankers to explore strategic alternatives including a sale. Signify has a market cap of around $4.66 billion based on its stock closing price on Friday, according to Reuters calculations. CVS and Signify did not immediately respond to requests for comment outside business hours.

Source: Wall Street Journal August 07, 2022 21:08 UTC