CVS-Signify Health deal to close this week

CVS Health expects to close its $8 billion purchase of home health provider Signify Health on or around Wednesday, the companies announced Monday.

Completion of the transaction is subject to the parties being able to satisfy the remaining terms of the merger agreement. Department of Justice requested Additional information about the acquisition in October.

The Justice Department did not immediately respond to interview requests. CVS Health and Signify Health referred to Moderna Healthcare in a news release issued Monday and declined to answer questions.

CVS Health plans to operate Signify Health as a “payer-agnostic” business that will work with any health insurer. CVS Health is owned by Aetna, while rival carrier Humana and UnitedHealth Group are Dallas-based Signify Health’s biggest customers.

CVS Health, Amazon, UnitedHealth Group and Option Care Health were all interested at one point At Signify Health, the largest health risk-assessment provider. CVS announced its plan Acquire Signify Health in September.

The company also announced that it would be expanding its healthcare division $10.6 billion purchase of Chicago-based primary care operator Oak Street Health in February. Sen. Elizabeth Warren (D-Mass.) this month urged the Federal Trade Commission to review the Oak Street Health deal and other insurance company acquisitions of clinical practices, particularly those that serve Medicare beneficiaries.

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