CVS plans to bid for Signify Health

CVS health looking to buy Denote health according to people familiar with the matter, as the pharmacy and insurance giant looks to expand into home health care.

Signify Health is exploring strategic options, including a sale, The Wall Street Journal reported this past week. Initial bids are due this week, and CVS plans to submit one, one of the people said. Others are also in the mix, they said, and CVS could face competition from other managed care providers and private equity firms.