CVS To Close Signify Health Deal, Launching A National In-Home Care Business

CVS Health said it will close its $8 billion acquisition of Signify Health, bringing the drugstore giant in-home medical services from a national network of clinicians. CVS “expects to complete its acquisition of Signify Health on or around March 29, 2023, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement,” the company said. In buying Signify Health, CVS Health will add to its growing menu of healthcare services that includes more than 9,000 retail drugstores, 1,100 MinuteClinics staffed by nurse practitioners and the nation’s third largest health insurer, Aetna. Meanwhile, CVS has an array of outpatient expansions in the works including its proposed acquisition of Oak Street Health, an operator of senior health centers, and creating in-store HealthHubs with hundreds of new over-the-counter items and new healthcare services.