Glenview Capital is expected to meet with CVS management on Monday to discuss its plans for value creation at the struggling business.
Glenview Capital has amassed a sizable stake in CVS Health and plans to meet with the company's top executives to lay out its plan for value creation, according to people familiar with the matter.shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push.The hedge fund has established a sizable position in the company, said some of the people.
"Beyond that, we cannot comment on engagement with specific firms or individuals," the spokesperson said." The company's bottom line is getting battered by higher medical costs in its insurance segment – an issue dogging the broader health-care industry as more seniors undergo procedures they had delayed during the Covid-19 pandemic.by market share, according to The American Medical Association. The company's insurance unit includes plans by Aetna for the Affordable Care Act, Medicare Advantage and Medicaid, along with dental and vision.
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