The companies said Monday that they had reached a deal to acquire Signify Health.
The acquisition of Signify will be paid in cash and will build on the company's growing health care services. Signify helps with in- home care.
Karen Lynch said in a news release that the acquisition would enhance the connection to consumers in the home and enable providers to better address patient needs.
As competitors move further into the health-care sector, the deal came as a surprise. The acquisition of One Medical was announced in July.
Signify Health's shares have risen 45% over the last month to give it a market value of over $6 billion. According to the Wall Street Journal, Signify was exploring a sale.
The shares of Signify went up in August after it was reported that Amazon was in the running.
By the end of the year, the company is planning to acquire or take a stake in a primary-care company.
Other acquisitions include the Signify deal. Customers can get vaccines or urgent care at MinuteClinic outposts inside of its stores after the acquisition of Caremark. Therapy for mental health is now offered at some stores.
The acquisition is expected to close in the first half of next year.
New Mountain Capital, a private equity firm, is the majority shareholder of Signify.
There will be an analyst and investor call on Thursday. There will be a discussion on Tuesday.
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