Signify Health, a value-based healthcare platform with a network of over 3,000 physician practices and facilities, has signed an agreement to acquire Caravan Health, a company that helps hospitals and health systems with value-based care arrangements maximize 340B savings, the two companies announced last week.
Dallas-based Signify initially will pay $250 million in a combination of cash and Signify Health common stock for Caravan, a 340B Report sponsor. The transaction also includes contingent additional payments of up to $50 million based on the future performance of Caravan, which is based in Kansas City, Mo., the companies said in a Feb. 10 news release. The deal is expected to close by the end of next month.
Signify Health, a value-based healthcare platform with a network of over 3,000 physician practices and facilities, has signed an agreement to acquire Caravan Health, a company that helps hospitals and health systems with value-based care arrangements maximize 340B savings, the two companies announced last week.
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