CVS Health is expected to complete an $8 billion purchase of home health care provider Signify Health on or around Wednesday, the companies announced on Monday.
Completion of the agreement depends on whether the parties can meet or waive the remaining conditions from the merger agreement. The Justice Department requested more information about the acquisition in October.
The Justice Department did not immediately respond to requests for interviews. CVS Health and Signify Health referred Modern Healthcare to a press release released on Monday and declined to answer questions.
CVS Health plans to operate Signify Health as a “payer-free” business that will partner with any health insurer. CVS Health owns Aetna, while rivals Humana and UnitedHealth Group are Dallas-based Signify Health’s biggest customers.
CVS Health, Amazon, UnitedHealth Group and Option Care Health were at one time interested in Signify Health, the largest provider of health risk assessment services. CVS announced plans to acquire Signify Health in September.
The company also announced it will expand its healthcare division with the February acquisition of Chicago-based primary care operator Oak Street Health. Senator Elizabeth Warren (D-Mass.) this month urged the Federal Trade Commission to review the Oak Street Health deal and other insurers’ acquisitions of medical practices, particularly are activities that serve Medicare beneficiaries.
