CVS Health announced Monday that it has struck a deal to purchase in-home healthcare provider Signify Health for roughly $8 billion. Under the terms of the agreement, CVS will pay $30.50 per share in cash. Signify is a provider of technology and analytics designed to assist in-home patient care.

CVS Health President and CEO Karen Lynch said in a statement, “This acquisition will enhance our connection to consumers in the home and enables providers to better address patient needs as we execute our vision to redefine the health care experience.”

As Signify builds on it’s growing foray into healthcare services, it joins such giants as Amazon and Walgreens, all of which are making moves into the healthcare sector. Amazon announced in July that it had struck a deal to acquire One Medical for roughly $3.9 billion.

Signify shares have risen almost 45% in the last month, making its market value roughly $6.7 billion at $28.77 per share as of end of trading Friday. Shares began their surge when word leaked out Amazon was one of the bidders seeking to acquire the company.

CVS had previously acquired insurer Aetna, as well as pharmacy benefits manager Caremark. It also offers vaccines and urgent care at MinuteClinic outposts inside of its stores, where certified Nurse Practitioners can perform basic healthcare testing, screening, and urgent care. It even offers therapy for mental health in some stores.

The acquisition, which requires regulatory approval, is expected to close in the first half of next year. Private equity firm New Mountain Capital, owner of 60% of Signify’s common stock, supported the acquisition.

There will be an analyst and investor call at 8:30 AM ET on Tuesday held by both parties to discuss the deal.