Amazon reportedly among leading bidders to acquire health tech company Signify Health

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Amazon reportedly among leading bidders to acquire health tech company Signify Health Amazon reportedly among leading bidders to acquire health tech company

Amazon.com Inc. is among the many prime bidders to amass well being expertise firm Signify Well being Inc., the Wall Avenue Journal reported at this time.

Based in 2009, Signify Well being affords a healthcare platform that leverages superior analytics, expertise, and nationwide networks of healthcare suppliers to supply value-based cost applications. The corporate’s mission is “to remodel the way in which care is paid for and delivered so folks can take pleasure in more healthy, happier days at residence.”

Signify’s options align monetary incentives round outcomes, offering expertise options to well being plans and healthcare organizations which can be designed to evaluate and handle danger and establish actionable alternatives to enhance affected person outcomes, coordination and price financial savings. The corporate presents its platform as a holistic providing of medical, social, and behavioral providers to deal with a person’s well being care wants and forestall adversarial occasions that result in extreme prices, all whereas shifting providers to the house.

Nevertheless, Amazon just isn’t the one one making an attempt to purchase the corporate: CVS Well being Inc. has additionally made a suggestion. Present affords are mentioned to be round $8 billion. Signify had a market capitalization of $4.97 billion on the shut of enterprise on Friday, with last acquisition affords due on Labor Day, September 5.

Amazon’s try to amass Signify is not the e-commerce big’s first foray into the healthcare market, both. It acquired main healthcare supplier One Medical for $3.9 billion final month.

Nevertheless, that deal had its origins earlier than Andy Jassy’s rise to Amazon CEO in July 2021. The Signify deal can be Amazon’s first main acquisition underneath Jassy.

Earlier than taking up from Amazon founder Jeff Bezos, Jassy had beforehand served as head of Amazon Internet Providers Inc. In a letter to Amazon shareholders in April, Jassy famous that one of many enterprise ideas guiding Amazon’s technique was “iterative innovation”. She defined that the idea of iterative innovation applies to varied elements of Amazon’s enterprise, together with the flexibility to supply in a single day delivery by means of its Prime program.

Jassy has been a frequent visitor at theCUBE, SiliconANGLE Media Inc.’s stay streaming media studio through the years and an enlargement into healthcare was talked about earlier. as she identified Dave Velanteco-host of theCUBE in February 2021, “Amazon going into groceries or well being care or monetary providers and the IoT alternative, they’ll carry the cloud, knowledge and AI and assault these new industries.”

Picture: Signify Well being

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Amazon reportedly among leading bidders to acquire health tech company Signify Health