Signify Health
A U.S. healthcare services company providing in-home health assessments, care coordination, and technology-enabled support for value-based care.
Last updated August 31, 2026
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Overview
Signify Health is a United States healthcare services and technology company focused on moving care beyond traditional clinical settings and helping health plans, providers, and other healthcare organizations manage patient needs in the home. Its core activities have included in-home health assessments, care coordination, and technology-supported services intended to identify unmet medical, behavioral, and social needs. These services are particularly relevant to value-based healthcare models, in which healthcare organizations are rewarded for improving outcomes and managing total costs rather than simply increasing the volume of services delivered. The company was established in 2017 through the combination of Advance Health and CenseoHealth. The transaction was backed by New Mountain Capital, a private-equity investment firm. The combination brought together businesses involved in conducting assessments and delivering healthcare-support services outside conventional provider facilities. Signify Health subsequently developed a broader platform linking clinicians, health plans, providers, and patients through in-home visits and related data and coordination capabilities. Signify Health became a publicly traded company on the New York Stock Exchange in 2021 under the ticker SGFY. As a public company, it presented itself as an infrastructure and services partner for health plans and providers participating in Medicare Advantage and other value-oriented models. Its operating model depended on a distributed network and technology systems capable of arranging visits, collecting clinical information, and communicating findings to organizations responsible for a member's ongoing care. In July 2022, Signify Health announced that it would leave the bundled health insurance payments business. The company estimated that the withdrawal could result in as much as $35 million in severance and other employee-related costs. The decision reflected a narrowing of strategic focus toward areas more closely associated with its home-based assessment and care-coordination platform. In August 2022, Signify Health disclosed that it was evaluating a potential sale of the company. Amazon was reported as one of the parties interested in acquiring the business. In September 2022, CVS Health announced an agreement to acquire Signify Health for approximately $8 billion. The transaction transferred Signify Health from the public markets into CVS Health's corporate group and aligned its home-based capabilities with CVS Health's broader healthcare, insurance, pharmacy, and care-delivery operations. Following the acquisition, Signify Health ceased to operate as an independently listed public company. The brand remains associated with in-home care assessment and value-based healthcare services within CVS Health's healthcare strategy.
History
Signify Health was formed in 2017 through the merger of Advance Health and CenseoHealth, with financial backing from New Mountain Capital. The combined business was organized around healthcare services delivered in or coordinated through the home. Its activities included arranging in-home health assessments, gathering information about patients' medical and social circumstances, and helping health plans and providers use that information in ongoing care management. The company's business model reflected the growth of value-based healthcare. In these arrangements, health plans and providers seek to improve outcomes and control overall costs by identifying health risks earlier, closing gaps in care, and coordinating services across settings. A home visit can provide information that may not be captured during a conventional office encounter, including medication issues, mobility limitations, living conditions, and barriers to accessing care. Signify Health used clinical personnel and technology to support this type of work for healthcare organizations. Signify Health expanded its profile as a healthcare technology and services company before becoming publicly traded on the New York Stock Exchange in 2021. Its public-company strategy emphasized a platform connecting health plans, providers, clinicians, and patients. The company served organizations that needed scalable methods for conducting assessments and coordinating care across geographically dispersed populations, including populations covered by government-sponsored or value-oriented health programs. In July 2022, Signify Health announced that it would exit the bundled health insurance payments business. It said the decision could generate up to $35 million in severance and other employee-related costs. The move represented a strategic refocusing of the company rather than an expansion into another line of insurance-related activity. The company then became the subject of acquisition interest. In August 2022, Signify Health stated that it was exploring a sale, and Amazon was identified among the potential bidders. In September 2022, CVS Health announced that it would acquire Signify Health for approximately $8 billion. The transaction was intended to add Signify Health's home-based assessment, clinical information, and care-coordination capabilities to CVS Health's wider healthcare platform. After the acquisition, Signify Health was no longer an independently listed company. Its corporate identity and service capabilities became part of CVS Health's broader strategy for delivering and coordinating care outside traditional facilities.
- 2022
Exit from bundled health insurance payments
[1]The company announced that it would leave the bundled health insurance payments business and estimated related severance and employee costs of up to $35 million.
- 2022
CVS Health acquisition announced
[1]CVS Health announced an agreement to acquire Signify Health for approximately $8 billion.
- 2021
Initial public offering
[1]Signify Health became publicly traded on the New York Stock Exchange under the ticker SGFY.
- 2017
Formation through the combination of Advance Health and CenseoHealth
[1]Signify Health was created through the merger of Advance Health and CenseoHealth, backed by New Mountain Capital.
Products and positioning
A technology-enabled healthcare services partner helping health plans and providers identify patient needs in the home and support value-based care delivery.
Home-based clinical assessment
In-home health assessments
Signify Health's home-based assessment service uses clinical personnel and supporting technology to evaluate patients in their residences. Assessments can help identify health risks, gaps in care, medication-related concerns, and social or environmental barriers that may not be visible during a routine office visit. The resulting information is intended for health plans and providers that are responsible for coordinating care and managing outcomes across a patient population.
Healthcare coordination
Care coordination services
Care coordination services support communication and follow-up among patients, clinicians, health plans, and provider organizations. The offering is designed to help translate information gathered through assessments into actions such as addressing care gaps, connecting patients with appropriate services, and supporting continuity across healthcare settings. It is positioned within value-based care models that emphasize outcomes and total-cost management.
Healthcare information technology
Healthcare technology platform
Signify Health provides technology and operational infrastructure to help health plans and providers arrange in-home services, collect patient information, and use assessment results in care-management workflows. The platform-oriented model connects distributed clinical resources with organizations managing patient populations and supports healthcare delivery beyond traditional facilities.
Brand decisions
2022
Withdrawal from bundled health insurance paymentsStrategyBackground
Signify Health reviewed its portfolio of healthcare businesses and determined that the bundled health insurance payments business was not part of its preferred strategic focus.
Action taken
The company announced that it would exit the business and disclosed that severance and other employee-related costs could be as high as $35 million.
Aftermath
The decision narrowed the company's focus toward home-based assessments, care coordination, and technology-enabled value-based healthcare services.
Estimated severance and other employee-related costs. up to $35 million (2022 announcement)
2022
Agreement to be acquired by CVS HealthM&ABackground
After Signify Health announced that it was exploring a sale, multiple potential buyers reportedly showed interest, including Amazon.
Action taken
CVS Health announced an agreement to acquire Signify Health for approximately $8 billion.
Aftermath
The acquisition moved Signify Health into the CVS Health group and ended its status as an independently listed public company.
Announced acquisition value. approximately $8 billion (September 2022 announcement)
Recent events
Signify Health appoints Vivian Riefberg and Taj Clayton to its board[3]
Reported:
Signify Health announced that it appointed Vivian Riefberg and Taj Clayton to its board of directors.
Sources3 sources
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