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Exclusive | Glenview Capital Plans Push for Changes at CVS.

Authors :
Zuckerman, Gregory
Mathews, Anna Wilde
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