CVS will pay $30.50 per share in cash for Signify. According to a CVS presentation, the deal has a stock value of $7.6 billion, with the total transaction rising to about $8 billion with debt, equity appreciation rights and other items are included.earlier this year. Caravan works with accountable-care organizations, which are groups of hospitals, doctors and other providers who serve Medicare patients.
The deal is subject to regulatory approval and a vote of Signify shareholders. CVS said private equity funds affiliated with New Mountain Capital, which owns about 60% of Signify stock, have agreed to vote their shares for the deal.CVS said executives would discuss the transaction in a call with analysts on Tuesday.Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
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