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Home » CVS Explores Options Including Potential Break-Up

CVS Explores Options Including Potential Break-Up

Business & FinanceHealth

01 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 Impact

CVS 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 Tags

Topics of Interest: Business & FinanceHealth

Type: Reuters Best

Sectors: Business & FinancePharmaceuticals & Healthcare

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story