We are advising Signify Health on the transaction

Davis Polk is advising Signify Health, Inc. on its $250 million acquisition of Caravan Health, consisting of $190 million in cash and $60 million in Signify common stock. In addition to the initial purchase price, the transaction includes contingent additional payments of up to $50 million based on the future performance of Caravan Health. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022.

Signify Health is a leading healthcare platform that leverages advanced analytics, technology and nationwide healthcare provider networks to create and power value-based payment programs. Caravan Health was founded to develop better solutions for community health systems, guiding more than 300 independent health systems and 26,000 clinicians to achieve meaningful results through value-based care.

The Davis Polk corporate team includes partners Oliver Smith and Darren M. Schweiger and associate Jamie Kurtz. Partner Jeffrey P. Crandall is providing executive compensation advice. The tax team includes partner William A. Curran and counsel Elina Khodorkovsky. The antitrust and competition team includes partner Jesse Solomon and associate Ilana M. Rice. The intellectual property and technology transactions team includes partner Pritesh P. Shah and associate Alison T. Chin. Members of the Davis Polk team are based in the New York and Washington DC offices.

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