Business & FinanceHealth01 October 2024, 6:03 pm 1 minute

Reuters exclusively reported that CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn around its fortunes amid pressure from investors.

Market ImpactCVS has been discussing various options – including how such a split would work – with its financial advisers in recent weeks, sources told Reuters. The latest discussions come as CVS faces increasing pressure from investors such as Glenview Capital, which is said to be pushing for changes at the company to help improve its operations after it cut its 2024 earnings outlook for a third consecutive quarter in August.
Article TagsTopics of Interest: Business & FinanceHealthType: Reuters BestSectors: Business & FinancePharmaceuticals & HealthcareRegions: AmericasWin Types: ExclusivityStory Types: Exclusive / ScoopMedia Types: TextCustomer Impact: Important Regional Story