Bad news for CVS Health

Becker's Healthcare October 10, 2024
Patsy Newitt

CVS Health, one of the biggest players in the battle to acquire physicians, is facing a possible split amid major financial struggles.

In 2023, CVS Health spent $10.6 billion to acquire primary care company Oak Street Health, which has since been a “money losing asset,” according to The Wall Street Journal.

Here are four major aspects of CVS Health’s financial struggles:

Company shares are dropping

According to the Journal, shares in the company have fallen 24% in 2024, and CVS has cut its earnings guidance multiple times during the year.

The cuts are mainly driven by rising costs in Aetna’s Medicare Advantage business, and the company anticipates it could lose up to 10% of its MA...

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