Amazon.com Inc. Health technology company Signify Health Inc. He is reportedly one of the leading bidders for the acquisition, according to the Wall Street Journal.
In the year Founded in 2009, Signify Health provides a healthcare platform that leverages advanced analytics, technology and a national healthcare provider network to deliver value-based payment programs. The company’s mission is to “transform how care is paid for and delivered so people can have healthier, happier days at home.”
Signify’s solutions align financial incentives around outcomes, provide technology solutions for health plans and healthcare organizations designed to assess and manage exposure, and identify actionable opportunities for improved patient outcomes, coordination and cost savings. The company has set the stage as it transforms services into homes by providing comprehensive clinical, social, and behavioral services to address individual health care needs and prevent costly harms.
Amazon isn’t alone in trying to buy the company, but CVS Health Inc. He also bid. Current bids are said to be around $8 billion — Signify had a market value of $4.97 billion when the deal closed on Friday, with the last takeover bids due on Sept. 5, Labor Day.
Amazon’s attempt to acquire Signify isn’t the e-commerce giant’s first foray into the healthcare market, with Amazon last month acquiring One Medical for $3.9 billion. However, that deal comes before Andy Jacy steps down as Amazon’s CEO in July 2021. According to the Journal, the Signify deal would be Amazon’s first major acquisition under Jacey’s tenure.
Jassi served as head of Amazon Web Services Inc. before taking over from Amazon founder Jeff Bezos. In a letter to Amazon shareholders in April, Jacey stated that one of the business concepts driving Amazon’s strategy is “innovation.” Jassi explained that the same innovation concept will be applied to various parts of Amazon’s business, including the Prime program, which offers same-day shipping.
Jacy has worked for years at CUBE, SiliconANGLE Media Inc. He has been a frequent guest on the Live Media Studio and has been mentioned before in the health care expansion. As stated by DevlanteA CUBE co-host in February 2021 said, “Amazon will enter grocery or healthcare or financial services and the opportunity of IoT, bringing cloud, data and AI and they can attack these new industries.
