CVS is in advanced talks to buy Signify Health for around $8 billion

© Reuters FILE PHOTO: The CVS Health logo is seen in an illustration taken May 3, 2022. REUTERS/Dado Ruvic/Illustration/

(Reuters) – CVS Health Corp is in advanced talks to buy home-healthcare company Signify Health Inc for $8 billion, the Wall Street Journal reported on Friday, citing people familiar with the matter.

CVS appears to have beaten out competition, including Inc (NASDAQ: ) and UnitedHealth (NYSE: ) , which have been turning to Signify for deals, according to the report. (

UnitedHealth never made a public bid, the WSJ said.

Signify has been exploring strategic options since early this summer, but there is still no guarantee CVS will reach a deal, the report said.

CVS, UnitedHealth, Signify Health and Amazon declined to comment.

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