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September 06, 2022 02:47 PM

After Signify Health, CVS still looking for more deals

Nona Tepper
Lauren Berryman
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    CVS pharmacy

    CVS Health’s $8 billion deal to purchase home health provider Signify Health is its latest step to  transform from a retailer into a healthcare services enterprise. 

    The 59-year-old company has a hand in health insurance, pharmacy services, virtual care, consumer goods and more. Signify Health adds physician enablement and home health services to CVS Health’s roster.

    By leaning into healthcare services, the company aims to grow its adjusted earnings by $900 million over the next two years. To do that, CVS Health will need to purchase a primary care provider, Chief Financial Officer Shawn Guertin told analysts Tuesday on a call about the Signify Health deal.

    Signify Health represents CVS Health’s foray into the health risk assessment market – an area rival Medicare Advantage carriers UnitedHealthcare and Humana have been investing in and already hold a firm foothold. 

    “There’s a lot of logic starting where we are right now with home health," Guertin said. "But really, the strategy was never to be a one-and-done."

    Related Article
    CVS Health to acquire Signify Health for about $8B
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    • News
      • Current News
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      • Transformation
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        • Operations
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        • Payment
      • ESG
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Blogs
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      • HIMSS 2023
    • Opinion
      • Breaking Bias
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      • From the Editor
    • Events & Awards
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        • Nominate/Eligibility
        • 100 Most Influential People
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        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women Leaders
      • Conferences
        • Digital Health Transformation Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Looking Ahead to 2024
        • - AI and Digital Health
        • - Hospital of the Future (Fall)
      • Webinars
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      • Sponsored Podcast - Healthcare Insider
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      • Sponsored Video Series - Checking In with Dan Peres
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