>>
Industry>>
Retail>>
Amazon one of the bidders for ...Amazon one of the bidders for Signify Health
The Silicon Review
22 August, 2022
Author:
The Silicon Review Team
A successful deal would mark Amazon’s latest foray into the healthcare sector
Amazon.com Inc. is one of the bidders for Signify Health Inc., a healthcare company. The healthcare company is for sale in an auction valued at more than $8 billion. Bids are due around Labor Day, but it is possible that an eager bidder could strike a deal before then. A successful deal would mark Amazon’s latest foray into the healthcare sector, and the second time it faced off against CVS in recent months.
In July, the online commerce and media and technology giant agreed to pay $3.9 billion for 1Life Healthcare Inc., which operates a primary-care practice under the name One Medical. The deal marks the first significant acquisition announced by Chief Executive Andy Jassy, for whom expansion into healthcare is a top priority. According to people familiar with the matter, CVS also had eyed the One Medical parent. New York-based private-equity firm New Mountain Capital was an investor in Signify after first backing it in 2017.
