UnitedHealth and Amazon among suitors to acquire Signify Health

Bloomberg News agency reported that UnitedHealth Group Inc, Amazon.com Inc, CVS Health Corp, and Option Care Health Inc are among several applicants for Signify Health, which is currently on sale. 

UnitedHealth is said to have made the highest bid — more than $30 per share. Amazon is willing to pay slightly less. Signify will call a board of directors meeting on Monday, and discussion of the bids will be on the agenda. As reported by Bloomberg, final offers are expected on Sept. 6.

The U.S. business newspaper The Wall Street Journal had earlier reported that Amazon was among the bidders for Signify, the leader in lighting. According to the news agency, the company was put up for sale in an auction that could value the company at well over $8 billion. 

Representatives for the companies did not respond to a request for comment from Reuters on Sunday. An Amazon spokesperson said that the firm does not comment on speculation. UnitedHealth also declined to comment on details. 

CVS also wanted to join other companies vying in an auction. The acquisition of Signify  would allow it to expand in-home health services. This was reported by The Wall Street Journal earlier this month. 

According to data from financial research firm Refinitiv, Signify had a market capitalization of around $4.97 billion at the close of trading on Friday with the stock price of $21.20.