CVC health, a prominent US-based healthcare company, has decided to acquire Signify Health. As per a statement released by the company, it is a whopping $8 billion deal that is expected to close in the first half of 2023 after getting the necessary approvals from regulators and shareholders.

Signify Health offers a leading healthcare platform that combines technology, analytics, and networks to power and create value-based payment programs, driving better outcomes and experiences. The company currently has 10,000+ employees including nurses and physicians.

“This acquisition will help CVC to expand its footprint in the healthcare industry. It will assist us in enhancing our connection to consumers in the home and enable providers to better address patient needs as we execute our vision to redefine the health care experience,” said CVS CEO Karen Lync

“This deal is going to help ensure that no beneficiary falls through the cracks,” says Piper Sandler & Co. analyst Jessica Tassan. “That everyone’s diseases or adverse conditions get identified and documented, and that they actually get care for those diseases or conditions and have a chance at a better life with lower health care costs.”