CVS Health to Acquire Signify Health For $8 Billion
<p><a href='https://financialmodelingprep.com/financial-summary/CVS'>CVS Health Corporation (NYSE:CVS)</a> made an announcement on Monday, according to which it has entered into a definitive agreement to acquire Signify Health for $30.50 per share, which values the company at approximately $8 billion. Signify has a network of over 10,000 clinicians in all 50 states and a nationwide value-based provider network, and has relations with over 50 health plan clients.</p>
<p>CVS believes the acquisition will accelerate the expansion of its healthcare services and growth in value-based care. With respect to the financial terms, the company expects the deal to be meaningfully accretive to EPS, increasing its confidence in achieving its long-term EPS growth targets. </p>
<p>The deal is expected to close in in the first half of 2023 and be financed with existing cash and available resources. </p>
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