The Clap
Signify Health’s (NYSE: SGFY) stock price skyrocketed by 32% after news that Amazon (NASDAQ: AMZN), CVS (NYSE: CVS), and UnitedHealth (NYSE: UNH) bid for the company.
Signify
Signify provides technology to help with in-house care, as well as healthcare provider networks to give customers more convenient access to healthcare services and payment plans.
The Deets
Signify received several bids from companies that could value the company at more than $8 billion.
Currently, the highest bid submitted is by UnitedHealth at $30 per share, although Amazon’s offer is close behind.
Amazon
If Amazon acquires Signify, this would help in Amazon’s plan of expanding into the healthcare industry.