M&A Deal Summary

CVS Health Acquires Signify Health

On September 5, 2022, CVS Health acquired information technology company Signify Health for 8.0B USD

Acquisition Highlights
  • This is CVS Health’s 1st transaction in the Information Technology sector.
  • This is CVS Health’s 4th largest (disclosed) transaction.
  • This is CVS Health’s 17th transaction in the United States.
  • This is CVS Health’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-09-05
Target Signify Health
Sector Information Technology
Buyer(s) CVS Health
Deal Type Add-on Acquisition
Deal Value 8.0B USD
Advisor(s) Goldman Sachs
Deutsche Bank Corporate & Investment Banking (Financial)
Ropes & Gray (Legal)

Target

Signify Health

Dallas, Texas, United States
Signify Health is a provider of in-home, technology-enabled healthcare services, partnering with health plans, pharma, and other risk-bearing organizations on its mission to improve quality of life by providing comprehensive care. Signify Health was founded in 2017 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

CVS Health

Woonsocket, Rhode Island, United States
Category Company
Founded 1996
Sector Healthcare Services
Employees219,000
Revenue 357.8B USD (2023)
DESCRIPTION
CVS Health office in Buffalo Grove, Illinois.
CVS Health office in Buffalo Grove, Illinois.

CVS Health operates retail pharmacies, and walk-in medical clinics, and is a pharmacy benefits manager. The Company enables people, businesses, and communities to manage health in a variety of ways. CVS Health advises patients on medications at CVS/pharmacy locations, helps clients control costs at CVS/caremark, and delivers care through CVS/specialty and CVS/minuteclinic. CVS Health was founded in 1996 and is based in Woonsocket, Rhode Island.

DEAL STATS #
Overall 17 of 18
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Texas) 1 of 1
Country (United States) 17 of 18
Year (2022) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Coventry Workers ​ Comp Services

Downers Grove, Illinois, United States

Coventry Workers'​ Comp Services offers workers’ compensation and auto care-management and cost-containment solutions for employers, insurance carriers, and third-party administrators. With roots in both clinical and network services, Coventry leverages more than 35 years of industry experience, knowledge, and data analytics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 bswift

Chicago, Illinois, United States

bswift offers software and services that streamline benefits, HR and payroll administration for employers and public and private exchanges nationwide. bswift’s state-of-the-art cloud-based technology and outsourcing solutions significantly reduce administrative costs and time-consuming paperwork, making life easier for administrators and millions of consumers who enroll in benefits with bswift. bswift was founded in 2000 and is based in Chicago, Illinois.

Sell -
Mergr

Product

Company

Legal