News

• U.S. company collaborates with University of Galway on new case study for business syllabus
• Case study was also piloted at WU Vienna
• Opportunity for students to analyse company’s strategy of looking abroad to scale up operations

A case study examining the business strategy behind Signify Health’s decision to open its first overseas hub in Galway is to become part of the syllabus for students based in third-level institutions around the globe.

From left to right: Irish Minister for Disability Anne Rabbitte, Signify Health CTO Josh Builder, Signify Health CEO Kyle Armbrester, CEO of IDA Ireland Michael Lohan, and Signify Health VP and Ireland Site Lead Elaine Murphy.

● Campus designed from scratch as a hybrid workplace
● More than 60 highly skilled employees have already been hired

DALLAS, TEXAS and GALWAY, IRELAND – Signify Health – June 20^th 2023

WOONSOCKET, R.I., DALLAS and NEW YORK, Sept. 5, 2022 — CVS Health® (NYSE:CVS) and Signify Health (NYSE: SGFY) (“Signify”) have entered into a definitive agreement under which CVS Health will acquire Signify Health for $30.50 per share in cash, representing a total transaction value of approximately $8 billion.

Former OptumInsight CPO will build out suite of healthcare services that tie together post-acute, primary and specialty care

DALLAS AND NEW YORK – June 22, 2022 – Signify Health, Inc. (NYSE: SGFY), a leading
healthcare platform that leverages advanced analytics, technology, and nationwide healthcare
networks to create and power value-based payment programs, today announced that Paymon
Farazi will be joining the Company as Chief Product Officer. Mr. Farazi brings more than two
decades of experience leading product strategy for healthcare and technology companies to his
role overseeing product strategy and design for the Company’s suite of payor and provider
solutions.

“We exist to help our clients succeed in any risk-based or value sharing model,” said Signify
Health CEO Kyle Armbrester. “To do this, we are building a platform that connects providers
and payors in accountable relationships. Paymon’s deep experience in healthcare payment and
technology will be critical as we expand our portfolio of tools and services to help our clients tie
together post-acute, primary and specialty care to improve quality and outcomes for the people
they serve.”

With a proven track record of leading successful teams and executing on high impact product
strategies across healthcare, fintech, and cloud technology companies, Mr. Farazi will be
responsible for product strategy, development and marketing across the Company’s business
segments. He brings to Signify Health more than 15 years of experience in product leadership,
including roles at OptumInsight. He also served in product and operations leadership positions
at Cargill, Symantec and Dell. He earned his B.S. in Computer Engineering from Northwestern
University and his MBA from the University of Texas at Austin.

“With its ACO and episodes of care capabilities, Signify Health is uniquely positioned to offer an
end-to-end total cost of care platform for all providers and payors, regardless of where they are
in their value-based care journey,” said Mr. Farazi. “This platform, together with the Company’s
ability to fill the gaps across the continuum reaching all the way into the home, offers a powerful
opportunity to make every care encounter more effective. I am delighted to be joining Signify at
this exciting time in the Company’s journey and look forward to helping our clients achieve
sustainable success in these new models that reward improved outcomes.”

About Signify Health

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. Our mission is to transform how care is paid for and delivered so that people can
enjoy more healthy, happy days at home. Our solutions support value-based payment programs
by aligning financial incentives around outcomes, providing tools to health plans and healthcare
organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings. Through our platform, we coordinate what we believe is a holistic suite of clinical, social, and behavioral services to address an individual’s healthcare needs and prevent adverse events that drive excess cost, all while shifting services towards the home. For more information on how we are taking health
homeward, visit us at signifyhealth.com.

Announcement comes after Elaine Murphy appointed as Site Lead at Galway base