Forbes October 1, 2024
Glenview Capital Management — a hedge fund that has been subject of certain media reports that it was pushing CVS Health management to break up the healthcare giant — denies it is “pushing for a break-up.”
The Wall Street Journal Monday published a two-byline “exclusive” story headlined, “Glenview Capital Plans Push for Changes at CVS.” In the story, the newspaper described Glenview as a “major hedge-fund investor” that planned to meet top executives of CVS Health on Monday to “propose ways the struggling healthcare company can improve its operations.” The New York-based publication cited “people close to the matter” as its sources.
By Tuesday afternoon, the hedge fund said this: “Press reports have represented that Glenview is pushing for a...
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