CVS strikes deal with activist Glenview Capital for four board seats [CNBC]
CVS Health Corporation (CVS)
Last cvs health corporation earnings: 2/12 06:45 am
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Source: CNBC
Glenview had been pushing for changes at the healthcare giant and had met with former CEO Karen Lynch prior to her ouster. CVS has struggled this year, due to difficulties with its Medicare Advantage business, and announced a big cost-cutting drive. CVS Health announced on Monday that it struck a deal with dissident investor Glenview Capital for four board seats, just a few weeks after the healthcare giant ousted former chief Karen Lynch. Glenview CEO Larry Robbins will join the CVS board effective immediately, alongside three other directors, which CVS said emerged from a “productive discussion” with Glenview. CVS' board will expand to 16 members. “In our discussions with the leadership at Glenview, we agreed that we can deliver greater value from our integrated businesses to all of our stakeholders,” CVS chairman Roger Farah said in a release. The other new directors are Leslie Norwalk, Guy Sansone and Doug Schulman. Glenview amassed a sizable stake in the healthcare cong
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CVS
Earnings
- 11/6/24 - Beat
CVS
Sec Filings
- 11/18/24 - Form 8-K
- 11/15/24 - Form 3
- 11/13/24 - Form SC
- CVS's page on the SEC website