In an $8 billion deal confirmed Monday, a Dallas-based home health care technology company will be acquired by the parent company of the CVS drug store chain.
Only in business for five years, Signify Health has become a player in the home health space, making it an attractive target for CVS Health Corporation.
This deal comes as competitors like Amazon and Walgreens are moving further into the health-care sector.
The $8 billion acquisition works out to about $30.50 per share of Signify stock.
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