Monday, August 22, 2022

This Time, Amazon Angles For Home-Health Services Provider (Signify)... After Seeking Primary Care Providers (OneMedical).


Not terribly surprising, as we had previously mentioned that the company's 1.5 million (soon to be unionized?) workers will likely demand and get comprehensive health benefits -- including a generous alternate site care benefit/rights. So -- we also expect Amazon is likely to experiment on its own "captive" workforce, as to what is most cost effective / profitable, in delivery of health services. And we expect it is going to do so. . . via these piece-meal acquisitions.

Here is the succint MartketWatch summary of the WSJ story.

. . .Shares of Signify Health Inc. (SGFY, -2.44%) rose 37% in premarket trade Monday, after the Wall Street Journal said that Amazon.com Inc. (AMZN, -2.86%) is among the bidders for the the home-health services provider. Signify is for sale in an auction that could value it at more than $8 billion, the paper reported, citing people familiar with the matter. . . .

Bids are due around Labor Day, according to the people, but it is always possible an eager bidder could strike a deal before then. Other interested parties include CVS Health Corp. (CVS, +0.40%), UnitedHealth Group Inc. (UNH, +0.57%) and one other unnamed corporate buyer. Signify shares have gained 49% in the year to date, while the S&P 500 has fallen 11%. . . .


Now you know -- onward, grinning -- out into the mid-August sunshine. Annual physical tomorrow. . . feeling crazy healthy!

नमस्ते

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