CVS to buy healthcare company Signify Health for $8B: What to know

CVS on Monday said it would purchase Signify Health for $8 billion.

CVS Health on Monday agreed to an $8 billion acquisition of Signify Health, a healthcare platform that uses analytics and technology to pair clinicians with patients for home-based visits.

The deal should open doors for the pharmacy chain by allowing it to reach customers within their own homes. The direct access could also help reduce patients’ long-term healthcare costs by making it easier for clinicians to intervene early or help manage chronic conditions.

“This deal is going to help ensure that no beneficiary falls through the cracks,” Piper Sandler & Co. analyst Jessica Tassan told USA TODAY. “That everyone’s diseases or adverse conditions get identified and documented, and that they actually get care for those diseases or conditions and have a chance at a better life with lower health care costs.”

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