- Signify Health is a company specializing in data analytics and other information technology to deliver healthcare programs.
- Recently Amazon has acquired One Medical and PillPack to enter the field of health.
- Currently Amazon is the second most valuable brand in the world because it is estimated to be worth 350 billion dollars.
Amazon’s interest in health is becoming more evident and the clearest example is its new ad to acquire Signify Health. If it materializes, it would be one of the largest operations in recent years. In this way it could expand its domains because it is currently the undisputed leader in electronic commerce.
Since its founding in 1994, Jeff Bezos’ company has seen a steady rise that has accelerated during the pandemic. The main measure to avoid contagion was to stay at home and that led to a increase in purchases over the internet.
Based on the above, according to a Statista study, it is stated that Amazon is the second most valuable brand in the world. Its estimated value is 350 billion dollars and is second only to Apple.
On the other hand, it is estimated that only in the United States four out of every 10 dollars of digital sales are captured by the Bezos company. In this way you can appreciate its dominance within this area.
But the ambitions of Amazon are so big that they have now disclosed their interest in acquiring Signify Health. In this case, it is a company specialized in data analysis and other computer technologies to offer health care programs. Among its main clients are health insurers, private and government employers, hospital operators and medical groups.
How much is Signify Health worth?
Now, according to a The Wall Street Journal estimate this company is worth 8 billion dollars. But the problem for its acquisition is not money, but rather that there are several competitors who are willing to pay high amounts for its acquisition. Others who have expressed interest are CVS Health and UnitedHealth Group.
In that vein, Signify has been listed on the New York Stock Exchange since February 2021. According to Bloombergits shares have a value of 28.23 dollars, although in recent weeks they have increased due to the expectation of their possible sale.
For now, it is expected that the Administrative Board of Signify Health meet on September 6 to analyze both the offer of amazon like that of the other competitors. At that time it will be determined if the sale of the company is feasible.
Other recent purchases that Amazon has made within the field of health
On the other hand, it is necessary to remember that just a few weeks ago the purchase of One Medical by Amazon became official. The transaction had a total value of 3,490 million dollars.
While in 2018 Amazon acquired PillPack, one of the largest digital pharmacies in the United States. From then on, it began with the sale of medicines with direct delivery to the patients’ homes.
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