Leaders.com
  • Login
  • Subscribe
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
  • Login
  • Subscribe
Business CVS

CVS purchases Signify Health (Photo by Paul Weaver/SOPA Images/LightRocket via Getty Images)

By Tyler Hummel Leaders Staff

Tyler Hummel

Tyler Hummel

Tyler Hummel is a news writer for Leaders Media. He was the Fall 2021 College Fix Fellow and Health Care...

Full bio


Learn about our editorial policy

Sep 6, 2022

CVS to Make House Calls 

CVS Pharmacy has purchased growing home-care company Signify Health after a tight bidding war. 

Key details
CVS has beaten Amazon, Option Care, and UnitedHealth in the bidding war to purchase Signify Health, with a bid of $8 billion. The purchase is an all-cash deal for $30.50 per share.

Signify announced its acquisition plans in a Monday press release that says the transaction will close sometime in early 2023. 

“Signify Health will play a critical role in advancing our health care services strategy and gives us a platform to accelerate our growth in value-based care. This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision to redefine the health care experience,” says CVS CEO Karen S. Lynch. 

Why it’s news
CVS’s successful bid signifies the growing influence of the home-care market, as more major healthcare corporations are moving into the space. 

Last week, Walgreens Boot Alliance purchased a majority share of CareCentrix. UnitedHealth similarly purchased LHC Group for $5.4 billion this past spring. 

Signify is a Dallas-based analytics and technology company that leverages technology and provider networks to assist with in-home care, which will plan a major role in support for home care in the coming years as the demand grows. 

“[The purchase] takes the drugstore giant closer to its mission of being an integrated healthcare provider,” says Barron’s. 

“Whether it’s an aging population that has mobility issues or healthier Americans who have learned to prize convenience during the pandemic, demand for care away from hospitals, nursing homes, and other institutional settings is growing.” 

What’s not being said
The purchase marks another blow to Amazon’s larger plan to purchase their way into the healthcare market. The company may need to seek other options if it wants to purchase companies that will help it gain a market share. 

As we reported last week, Amazon may be attempting to shift its strategy for breaking into health care by shifting, from creating original services like the recently canceled Amazon Care, to purchasing existing and growing companies. Amazon previously purchased One Medical in July for $3.9 billion and wants to continue expanding into the market.  

Notable quote
“Signify Health is a leader in Health Risk Assessments, value-based care, and provider enablement. With a network of more than 10,000 clinicians across all 50 states and a nationwide value-based provider network, combined with its proprietary analytics and technology platforms, Signify Health is improving patient engagement, patient outcomes, and care coordination for stakeholders across the health care system,” says Signify’s press release.

Home / News / CVS to Make House Calls 
Share
FacebookTweetEmailLinkedIn

Related Stories

Twitter Files And Fake Russian Collusion 

by Tyler Hummel Leaders Staff
Social Media

5 hours ago

Watts

Twitter’s Trust and Safety team discovered a scandal surrounding a think tank’s attempt to label American citizens falsely as Russian bots and spread paranoia about Russian influence—but said nothing.  

Key Details

  • Independent journalist Matt Taibbi, working with Twitter CEO Elon Musk and other journalists like Bari Weiss and Lee Fang, released the 15th official part of the Twitter Files on Friday, January 27. 
  • The newest part reveals that a think tank’s project, Hamilton 68, involved creating a list of supposed Russian bots and using it to propagate fears of Russian collusion. The list was primarily comprised of average American citizens. Twitter saw through the claims but never said anything about it publicly.  
  • “The Hamilton 68 dashboard was a high-level scam to falsely accuse Russian influence behind everything. Their entire opaque system was a fraud, and virtually every media outlet fell for it. Everyone from the New York Times to Mother Jones should post a correction,” says Fang. 
  • “Shame on MSNBC for misleading the public!” tweeted Elon Musk. 
  • See our previous coverage on Part 1, Part 2, Parts 3-5, Part 6, Part 7, Parts 8-10, Parts 11-12, Part 13, Part 14, Lee Fang’s Pfizer coverage, and The Facebook Files.

Go deeper

FacebookTweetEmailLinkedIn

Getting the News From TikTok

by Hannah Bryan Leaders Staff
Social Media

5 hours ago

news from tiktok

A news media startup is looking to gain traction on TikTok and establish itself as the social-media site’s newsroom. 

Key Details

  • Former BBC and News Corp. executives have formed The News Movement, a video news organization. 
  • The company is looking to acquire The Recount, a social media startup on TikTok that garnered millions of views but could not create revenue successfully. 
  • Media companies have used social-media sites in the past to build up their platforms successfully, but a media company has yet to do so on TikTok. 
  • Companies that have used social media to build their brand now struggle as sites like Facebook begin to decline—making investors hesitant to repeat past mistakes. 
  • However, The News Movement CEO Will Lewis thinks he can build a different media company.
  • Rather than focusing on subscriptions or advertising, The News Movement is working to establish itself as a content studio and social media agency. 
  • Already Lewis and editor-in-chief Kamal Ahmed have raised $15 million. 

Go deeper

FacebookTweetEmailLinkedIn

Mark Cuban Predicts the Next Crypto Scandal 

by Tyler Hummel Leaders Staff
Cryptocurrency

6 hours ago

Cuban

Billionaire investor Mark Cuban says that the next big crypto scandal will be the discovery and removal of “wash trading,” meaning that more than half of crypto transactions are illegal. 

Key Details

  • Cryptocurrency investors are entering this year hoping for a better year than the previous one, which saw multiple scandals, collapses, crashes, and the overall decline of crypto and NFT markets. 
  • But investors may not yet be out of the woods. Popular investor Mark Cuban tells The Street that the proliferation of “wash trading,” a form of illegal market manipulation, is making it a matter of time before the next major scandal rocks cryptocurrency. 
  • "I think the next possible implosion is the discovery and removal of wash trades on central exchanges. There are supposedly tens of millions of dollars in trades and liquidity for tokens that have very little utilization. I don't see how they can be that liquid," says Cuban. 
  • An August 2022 Forbes analysis found that “more than half of all reported trading volume is likely to be fake or non-economic."

Go deeper

FacebookTweetEmailLinkedIn
Entertainment

6 hours ago

Trump Partnering With LIV Golf League

by Savannah Young Leaders Staff
Innovation

6 hours ago

ChatGPT Passes Big Exams

by Savannah Young Leaders Staff
Taxes

7 hours ago

The Tax Remote Workers Should Watch For

by Hannah Bryan Leaders Staff

Recent Articles

Wealth

12 hours ago

How to Become a Millionaire: 5 Wealth-Building Tips

Learn strategies for growing your wealth

Wealth

Jan 27, 2023

How to Start Flipping Houses + 4 Mistakes That Could Bankrupt You

Learn how to start flipping houses to make a profit

Personal Growth

Jan 27, 2023

Top 10 Powerful Habits of Successful People for 2023

Try these habits for more life and career success

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com