CVS says it expects’meaningful’ tax benefits from its $8 billion purchase of home healthcare services company Signify Health. CVS anticipates around $1.50 per share in tax benefit from the deal due to the transaction structure, CVS Chief Financial Officer Shawn Guertin said on a conference call on Tuesday. Shares of Signify, which has a network of 10,000 clinicians who provide home-based assessments of patient health and social needs, were trading at $28.80, while CVS shares slipped marginally to $99.15. With the new acquisition,. CVS plans better collaboration between Signify and its other businesses. Analysts have generally been positive about the deal but have said client retention and potential synergies. . . .
[su_button url=’https://www.reuters.com/markets/deals/cvs-expects-meaningful-tax-benefit-signify-acquisition-2022-09-06/’ target=’_blank’ style=’ghost’ background=’#010066′ color=’#010066′ size=’2′ wide=’no’ center=’no’ radius=’auto’]Read more at www.reuters.com[/su_button]
By
By
By
By
By
