What Signify Health expects from the CVS deal

The CEO of Signify Health said the home health company plans to partner with more hospitals on analytics after its $8 billion acquisition by CVS in March, D Magazine reported.

Kyle Armbrester also said CVS' pharmacy expertise will help improve medication adherence, costs and safety among Signify patients, and CVS provides access to capital that will allow Signify to increase its acquisitions and partnerships, according to the March 31 story.

"This move was not about cost-cutting," Mr. Armbrester told the news outlet. "We will be hiring and diversifying."

Signify became an attractive target to the nation's fourth-largest company by revenue because of its ability to leverage data to boost value-based care at a time when care is moving to the home and older Americans are becoming more tech-savvy, according to the report.

"Younger seniors are smartphone Jedis," Mr. Ambrester told the magazine. "They can text, are extremely sophisticated, and are interacting with us in a new way."

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars