Amazon.com is among the bidders for healthcare company Signify Health, joining other heavy hitters vying in an auction for the home-health-services provider, The Wall Street Journal reports, citing people familiar with the matter. CVS, Option Care Health and United Health are also said to be bidding for Signify, which uses analytics and technology to help health plans, physician groups and health systems with in-home care.
Signify earlier this month was reportedly exploring “strategic alternatives.”
New Mountain Capital holds a 54.7% stake in Signify Health, whose board is chaired by NMC’s PE president Matthew Holt.
Signify is for sale in an auction that could value it at more than $8 billion, the people said. Bids are due around Labor Day, according to the people, but it is always possible an eager bidder could strike a deal before then. Read more.
