Signify Health Inc (NYSE:SGFY) shares are trading higher Monday following media reports that Amazon.com Inc (NASDAQ:AMZN) may be interested in acquiring the company.
According to a Wall Street Journal report, Signify is for sale via an auction, which could value the company at more than $8 billion. Bids are reportedly due in the coming weeks but it's possible a deal could be announced before Labor Day. Amazon is reportedly among the companies bidding for Signify Health.
CVS Health Corp (NYSE:CVS) and UnitedHealth Group Inc (NYSE:UNH) are among the other companies interested.
Signify Health is a healthcare technology company that leverages advanced analytics, technology and nationwide healthcare provider networks to create and power value-based payment programs.
See Also: AMC Entertainment Stock Is Going APE Today: What's Going On?
SGFY Price Action: Signify Health is making new 52-week highs on Monday.
The stock was up 39.6% at $29.65 at press time, according to Benzinga Pro.
Photo: courtesy of Amazon.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
