CVS Health’s $8 billion deal to purchase home health provider Signify Health is its latest step to transform from a retailer into a healthcare services enterprise, Modern Healthcare reports.
By leaning into healthcare services, the company aims to grow its adjusted earnings by $900 million over the next two years. To do that, CVS Health will need to purchase a primary care provider, Chief Financial Officer Shawn Guertin told analysts Tuesday on a call about the Signify Health deal.
“There’s a lot of logic starting where we are right now with home health,” Guertin said. “But really, the strategy was never to be a one-and-done.” Read more.
