Amazon is reportedly among the top bidders to acquire health tech firm Signify Health – in it’s latest move towards healthcare.
The news follows a recent announcement that the global giant had bought One Medical for £3.5bn in July (2022) – an all cash transaction which saw the firm’s stock prices shoot up by 70%.
This recent report, which was published in the Wall Street Journal, claims that Amazon hasn’t quite finished its move into healthcare, and is now amongst top bidders for Signify.
Who is Signify Health?
Signify Health is a thirteen-year-old healthcare platform that leverages technology, analytics and networks into value-based payment programs. Founded in 2009, the firm provides technology solutions to health plans and healthcare organisations which manage risk and assess opportunities for improved patient outcomes.
The company’s mission is “to transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home.
Up against other bidders
Amazon is not alone in the race to buy the health tech firm. It has been reported that a bid was placed by CVS Health Inc, and that current bids are sitting at around $8 billion (£6.7bn)
Amazon already runs Amazon Care, a platform that connects users to Amazon-affiliated medical professionals.
In 2018, it acquired PillPack, an online pharmacy.Amazon closed a $13.7bn deal to buy Whole Foods in 2017 and a $8.5bn purchase of Hollywood studio MGM which was finalised earlier in 2022.
Keep an eye out for updates on Health Tech World.
In case you missed it:
One Medical stock price rockets by 70% following Amazon’s announcement of £3.5bn buyout
