Becker's Healthcare October 1, 2024
CVS Health’s board of directors have retained bankers for a strategic review of the company, possibly leading to a split, according to The Wall Street Journal.
Four details:
1. The management team and board of directors are “exploring” how they can create more shareholder value and drive better financial performance, according to the report. The company’s shares have dropped around 20% this year, partially due to its insurance arm, Aetna. The company expanded Medicare Advantage plans, and reimbursement hasn’t kept up with the higher costs.
2. A company breakup is one option on the table, according to the report. The strategic...
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