Signify Health Inc. soared the most since its shares started trading last year as UnitedHealth Group Inc., Amazon.com Inc., CVS Health Corp. and Option Care Health Inc. competed to acquire the home-health technology and services provider, according to people familiar with the matter.
UnitedHealth has submitted the highest bid in excess of $30 a share, while Amazon’s offer is close behind, the people said, asking not to be identified as the discussions are private. Signify is holding a board meeting Monday to discuss the bids, the people said.
Signify’s shares rose as much as 41% to $29.88 in New York, the most intraday since the company began trading in February 2021. The stock had climbed 6.7% through Friday after the Wall Street Journal reported earlier this month that CVS was mulling a bid for the company. The newspaper earlier also reported Amazon was among the bidders.
