CVS Health moves closer to home care with $8B Signify deal
CVS Health will pay about $8 billion to expand into home care, a practice that could cut costs and keep patients happy, provided they get the help they need. The health care giant is buying Signify Health, a technology company that sends doctors or other care providers to patient homes to assess how they are doing and what help they might need. The deal, announced late Monday, is a way for CVS Health to provide more help to patients where and when they want it, CEO Karen Lynch told analysts Tuesday morning. “The home is increasingly part of that choice,” she said, noting that the deal gives the company a foundation to expand further into home health care. CVS Health runs thousands of drugstores nationally, sells insurance and manages prescription drug coverage. Like competitors Walgreens and UnitedHealth Group, CVS Health also has been delving more into providing care and managing the health of its customers, especially those with chronic or expensive medical conditions. Insurers and employers are pushing more for this approach to help patients stay healthy, on their medications and out of expensive hospitals.
CVS Health moves closer to home care with $8B Signify deal
CVS Health will pay about $8 billion to expand into home care, a practice that could cut costs and keep patients happy, provided they get the help they need. The health care giant is buying Signify Health, a technology company that sends doctors or other care providers to patient homes to assess how they are doing and what help they might need. The deal, announced late Monday, is a way for CVS Health to provide more help to patients where and when they want it, CEO Karen Lynch told analysts Tuesday morning. “The home is increasingly part of that choice,” she said, noting that the deal gives the company a foundation to expand further into home health care. CVS Health runs thousands of drugstores nationally, sells insurance and manages prescription drug coverage. Like competitors Walgreens and UnitedHealth Group, CVS Health also has been delving more into providing care and managing the health of its customers, especially those with chronic or expensive medical conditions. Insurers and employers are pushing more for this approach to help patients stay healthy, on their medications and out of expensive hospitals.