The New York Stock Exchange celebrates Signify Health (NYSE: SGFY), today, Thursday, February 11, 2021, on the anniversary of its IPO. In honor of the event, Kyle Armbrester, CEO, along with John Tuttle, NYSE Vice President and Chief Commercial Officer, rang The Opening Bell®.
NYSE
Shares of Health signal spiked more than 39% on Monday morning according to reports that Amazon is one of the contractors for the home health service provider.
Amazon, CVS and UnitedHealth Group are competing to get Signify, The Wall Street Journal and Bloomberg made the news on Sunday, citing people familiar with the matter.
Signify is for sale in an auction that could value it at more than $8 billion, the Journal reported. The company will hold a board meeting on Monday to discuss the bids, and the final bids will arrive on Labor Day, according to the Journal.
Signify, which provides technology for home care, has a market capitalization of about $4.97 billion.
UnitedHealth submitted the highest bid for Signify, exceeding $30 a share, while Amazon’s offer trailed, Bloomberg reported.
A deal that would push Amazon further into healthcare. Retail giant announced last month it will buy 1LifeHealthcare, the parent company of primary care medical company One Medical, for $3.9 billion.
Shares of Amazon fell more than 2% Monday morning.
