Predictions are a lot like playing the offensive line. If you do your job and get them correct, it goes unnoticed. If you get them wrong and make a blunder, they’re far more noticeable. But it’s more fun to point out the blunders anyway. And given how 2022 turned out and all the predictions we […]
The flurry of 2021’s home-based care deals was a tough act for 2022 to follow. Especially in the third and fourth quarters of last year, a record-breaking number of transactions went down. A variety of factors contributed to that volume, including changing conditions that – at least for a short period of time – allowed […]
The U.S. Department of Justice is seeking more information about CVS Health’s (NYSE: CVS) pending $8 billion deal to purchase Signify Health (NYSE: SGFY). The request from the Justice Department will draw out the amount of time CVS and Signify will have to wait before proceeding with the deal by 30 days. The government could […]
Last December, I wrote about the “retail giants ready to disrupt home-based care.” Though confident in my hypothesis that these larger companies – CVS Health (NYSE: CVS), Amazon (Nasdaq: AMZN), Walgreens Boots Alliance (Nasdaq: WBA) and Walmart (NYSE: WMT) – were going to enter further into the home-based care space, I was not under the […]
CVS Health (NYSE: CVS) announced that it had agreed to acquire Signify Health (NYSE: SGFY) Monday. Tuesday morning, the two companies laid out the rationale. Perhaps the most of note, however, was CVS’ clear and consistent commitment to home health care delivery moving forward. “By acquiring Signify’s home health platform, we gain a foundation for […]
CVS Health (NYSE: CVS) has landed its home health company. The Woonsocket, Rhode Island-based CVS announced Monday that it has entered into a definitive agreement to purchase Signify Health (NYSE: SGFY) for “a total transaction value of approximately $8 billion.” The health care giant’s interest in Signify had been widely reported leading up to the […]
When news hit Wednesday that Amazon (Nasdaq: AMZN) was shutting down its virtual and at-home care business, Amazon Care, there was reasonably some confusion among the health care industry at large. The shutting down of Amazon Care is a failure if viewed in a vacuum. Amazon was unable to disrupt the health care industry – […]
Just one month after its purchase of One Medical (Nasdaq: ONEM) for $3.9 million, Amazon (Nasdaq: AMZN) reportedly has its eye on another health care entity. This time around its Signify Health (NYSE: SGFY), a value-based care platform with home-based care capabilities. Signify is potentially for sale in an auction that could value it at […]
Just days after news surfaced that CVS Health (NYSE: CVS) was interested in purchasing Signify Health Inc. (NYSE: SGFY), separate reports came out saying the Dallas-based company planned to lay off nearly 500 people. Specifically, Signify will lay off a total of 489 people. The layoffs will affect people in states including Texas, South Dakota, […]
More than ever, Medicare Advantage (MA) plans are stepping up and responding to the demand for more access to care in the home setting. This, in turn, has created an avenue for home-based care providers to lean into new opportunities. Over the past couple of years, the amount of MA plans offering care services in […]
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