Amazon goes all out on Healthcare and after the acquisition of 1Life Healthcare, known as One Medical, now has targeted Signify Health, healthcare company specializing in home health services and evaluation of government-run care plans.
The battle for Signify Health
To reveal the news were Wall Street Journal e Bloomberg. Signify is reportedly up for sale in an auction that could value it at over $8 billion.
In fact, the competition would be fierce. The final offers should be presented by September 5, but the agreement with one of the suitors could come even sooner. In pole position for the purchase there would be (according to Bloomberg) United health, with an offer above $30 per share. In second place would be Amazon, which however it is not known how much it has proposed, followed by CVS Health and Option Care Health.
Signify Health on Wall Street
Today, Signify Health has one market capitalization greater than 8 billion, even though on Friday, before the diffusion of the acquisition rumors, the market cap was close to 5 billion dollars. Shares gained more than 30% of their value in Monday's session and are trading up 0,3% today at $28,10 a share.
Amazon and Healthcare
Recall that in July, Amazon has acquired One Medical, primary care chain operating under the San Francisco 1Life Healthcare network of clinics for 3,9 billions of dollars, including debt. Even earlier, the giant led by Jeff Bezos had started a collaboration for the creation of personalized vaccines against breast and skin cancers with the Fred Hutchinson Cancer Research Center, which recently launched a clinical trial following Food and Drug Administration (FDA) approval to proceed with a Phase I clinical trial.
