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👋 Hi, it’s Sarah. Erin is heading home away from home to explore the Tetons until next Tuesday. I will be in the concrete jungle. As always, email me with tips, news, or comments!

Illustration: Eniola Odetunde/Axios

Goldman Sachs and Deutsche Bank are engaged by Dallas-based Signify Health for financial advice on its strategic alternatives process, sources tell Sarah.

Driving the news: About 18 months after New Mountain Capital took the health technology company public, The Wall Street Journal wrote on Tuesday that Signify was “working with bankers” to explore options, including a sale.

  • Signify, a value-based, technology-driven care enabler, could attract interest from private equity and managed care providers, according to the report.

Catch up fast: Signify raised $564 million in its February 2021 IPO.

  • Nearly a year after its public market debut, Signify has reached a $250 million deal to buy Caravan Health, which brings together responsible healthcare organizations to take risks and reduce Medicare spending.
  • Last month, Signify disclosed plans to shrink its Episodes division and exit a bundled payment scheme, saying it planned to focus on its profitable and growing home and community services division, as well as Caravan. .

By the numbers: Shares of Signify grabbed headlines, pushing its market capitalization to around $4.5 billion, but are down slightly today.

  • That’s down from a market cap of $7.12 billion when it debuted on the public markets last year.
  • The shares are up on the year, but prior to the report had lost more than 25% since its IPO.

Signify and Goldman declined to comment, while a representative for DB did not return a request for comment.