Auction company 

Signify Health Stock soars. Amazon and UnitedHealth are bidding for the company.

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UnitedHealth Group is making an offer to acquire Signify Health, The Wall Street Journal reported. Photographer: Michael Nagle/Bloomberg

The advice of

Signify health

is expected to meet on Monday to discuss the healthcare company’s takeover bids. He still has a few offers to choose from.

Amazon.co.uk

now seems to be among the bidders.

It has already been pointed out that

SVC Health

(ticker: CVS) was a suitor for Signify Health (SGFY). The Wall Street Journal reported Sunday evening that

Amazon.co.uk

(AMZN),

UnitedHealth Group

(UNH), and

Health Care Option

(OPCH) are also bidding for the home health service provider. The Journal report quoted people familiar with the matter.

Signify health
it is

the market cap is nearly $5 billion. The Journal reported that Signify was up for sale in an auction that could value it at over $8 billion. The deals are due around Labor Day, the people told the Journal, but it’s still possible a deal could be done before then.

Shares of Signify soared 37% to $29.12 in premarket trading on Monday. Representatives of Signify Health, Amazon and

UnitedHealth

did not immediately respond to requests for comment outside of business hours barrons.

UnitedHealth submitted the highest bid of more than $30 per share, Bloomberg reported, citing people with knowledge of the matter. Amazon’s offer followed closely behind.

Last month, Amazon reached an agreement to acquire One Medical for about $3.9 billion, including debt. One Medical operates under

1Life Health

(ONEM).

Write to Joe Woelfel at [email protected]

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