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Exclusive | Glenview Capital Plans Push for Changes at CVS.
- Source :
-
Wall Street Journal - Online Edition . 9/30/2024, pN.PAG-N.PAG. 1p. - Publication Year :
- 2024
-
Abstract
- Hedge fund Glenview Capital Management is set to meet with CVS Health executives to propose ways to improve the struggling healthcare company's operations. Glenview, which owns about 1% of CVS's shares, has established a large position in the company and believes in its potential. CVS has seen its shares fall 24% this year and has announced layoffs as part of a cost-cutting plan. The company has been struggling due to issues with its Medicare business and is also facing scrutiny of its pharmacy-benefit unit. [Extracted from the article]
Details
- Language :
- English
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Online Edition
- Publication Type :
- News
- Accession number :
- 180087365