CVS well being’s $eight billion deal to buy residence well being supplier Signify well being is its latest step to rework from a retailer proper into a healthcare companies enterprise.
The fifty nine-12 months-outdated agency has a hand in medical well being insurance coverage, pharmacy companies, digital care, consumer items and extra. Signify well being gives doctor enablement and residential well being companies to CVS well being’s roster.
By leaning into healthcare companies, the agency goals to develop its adjusted earnings by $900 million over the subsequent two years. to do this, CVS well being would possibly want to buy a fundamental care supplier, Chief monetary Officer Shawn Guertin informed analysts Tuesday on a name regarding the Signify well being deal.
Signify well being represents CVS well being’s foray into the well being risk evaluation market – an space rival Medicare benefit carriers UnitedHealthcare and Humana have been investing in and already maintain a agency foothold.
“There’s a quantity of logic starting the place we’re proper now with residence well being,” Guertin said. “however actually, the method was by no means to be a one-and-accomplished.”