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CVS seeking to buy Signify Health as part of home-health expansion

By Finance News


CVS Health Corp. is seeking to buy Signify Health Inc., according to people familiar with the matter, as the drugstore and insurance giant looks to expand in home-health services.

Signify Health
SGFY,
+2.32%
is exploring strategic alternatives including a sale, The Wall Street Journal reported this past week. Initial bids are due this coming week and CVS
CVS,
+0.38%
is planning to enter one, some of the people said. Others also are in the mix, they said, and CVS could face competition from other managed-care providers and private-equity firms.



Read More: CVS seeking to buy Signify Health as part of home-health expansion

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