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CVS Health closes Signify acquisition

CVS Health has completed its $8 billion acquisition of Signify Health, adding more than 10,000 clinicians to its network, the companies announced March 29. 

Finalization of the acquisition follows the companies' March 27 guidance that the deal would close "on or around March 29," after which Signify Health will "continue to operate as a payor-agnostic business as part of CVS Health." 

CVS Health moved to acquire Signify in September 2022 after a bidding war for the Dallas-based company, with UnitedHealth Group, Amazon and Option Care Health as contenders.

Signify Health uses analytics and technology to support in-home care, evaluations and service coordination for employers, physician groups, health systems and health plans, including dozens of Medicare Advantage plans. It includes a network of 10,000 clinicians who make house calls and spend 2.5 times longer with a member on average compared to the average visit with a primary care provider, the companies said. 

The deal is one puzzle piece of CVS Health's aim to own the "entire spectrum of someone's health journey," as CEO Karen Lynch said last fall. In February, CVS entered a definitive agreement to acquire Oak Street Health, a primary care network for Medicare members, for $10.5 billion.

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