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Home Technology World Information Signify Well being Inventory Surges 32% On Studies Amazon Is Bidding For The Firm

World Information Signify Well being Inventory Surges 32% On Studies Amazon Is Bidding For The Firm

by FRANCE 24
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Shares of Signify Health skyrocketed 32% Monday on studies that Amazon is among the many bidders for the house well being providers supplier.

Amazon, CVS and UnitedHealth Group are competing to amass Signify, The Wall Street Journal and Bloomberg reported Sunday, citing individuals aware of the matter.

Signify is up on the market in an public sale that might worth it at greater than $8 billion, the Journal reported. The corporate will maintain a board assembly Monday to debate the bids, and remaining bids are due round Labor Day, in response to the Journal.

Signify, which gives know-how to assist with in-home care, has a market cap of roughly $6.56 billion.

UnitedHealth has submitted the very best bid for Signify, in extra of $30 a share, whereas Amazon’s supply is shut behind, Bloomberg reported.

The New York Inventory Alternate welcomes Signify Well being (NYSE: SGFY), immediately, Thursday, February 11, 2021, in celebration of its IPO. To honor the event, Kyle Armbrester, CEO, joined by John Tuttle, NYSE Vice Chairman and Chief Business Officer, rings The Opening Bell®.


A deal would push Amazon additional into well being care. The retail behemoth last month announced it will buy 1LifeHealthcare, the mum or dad firm of primary-care clinic firm One Medical, for $3.9 billion.

Amazon’s inventory closed down 3.6% on Monday.

Representatives from Amazon and Signify Well being declined to remark.

WATCH: Amazon to acquire One Medical for roughly $3.9 billion

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