CVS Health, Amazon, UnitedHealth Group, and Option Care Health are among companies bidding to buy home health firm Signify Health, Bloomberg News reported.
UnitedHealth has submitted the highest offer for Dallas, Texas-based Signify at $30 per share, with Amazon submitting an offer close behind, according to the Bloomberg report on Sunday, which cited unidentified people familiar with the matter.
Signify shares gained 33% in Monday morning trading. Earlier this month, its stock climbed 6.7% after The Wall Street Journal reported on Aug. 7 that CVS planned to bid for the company.
Signify is holding a board meeting on Monday to discuss the bids, with final offers expected by Sept. 6, according to Bloomberg.
The potential sale comes as companies like CVS and Amazon move to pump up their healthcare services. In July, Amazon announced it was expanding its primary care footprint through its $3.9 billion acquisition of One Medical and CVS announced in its second-quarter earnings call that it was on the lookout for acquisitions, particularly in the primary care arena.
Anti-trust concerns remain for healthcare acquisitions. UnitedHealth is in the middle of a court battle after the Justice Department sued the company due to its $13 billion proposed acquisition of Change Healthcare.
CVS, UnitedHealth, Amazon and Signify Health declined to comment for this article. Option Care Health didn’t respond to a request for comment.