Glenview Capital Issues Statement on CVS Health
Glenview Capital Issues Statement on CVS Health
PR Newswire
NEW YORK, Oct. 1, 2024
NEW YORK, Oct. 1, 2024 /PRNewswire/ -- We appreciate the skill and dedication of everyone at CVS Health and their daily efforts to make healthcare accessible, affordable and convenient for more than 120 million members and customers. CVS Health is a systemically important healthcare institution whose consistency, quality and acumen has the potential to enhance wellness and health security for one in three Americans. While the Company has tremendous assets across medical and pharmacy benefit management, specialty pharmacy, provider services and drug retail, the Company is operating well below its potential and has fallen short in its investment and actuarial approach in recent years, creating economic losses and volatility that pressures its people, its customers and its shareholders.
Glenview and CVS Leadership are engaged in good faith and constructive conversations through which Glenview is offering suggestions to enhance the governance, culture, efficiency, sustainability and growth of CVS Health. This dialogue is ongoing but is private and should remain so. Press reports have represented that Glenview is pushing for a break-up of CVS Health – this is false. Our goals are those shared by all stakeholders – to work together to strengthen CVS's culture and operating performance to enhance value for customers, associates and shareholders alike.
Together we build.
About Glenview Capital
In its 24th year of operations, Glenview Capital is a long-term investment partnership focused on fundamental investing.
CONTACT: Emma Tomas, etomas@hstrategies.com
View original content:https://www.prnewswire.com/news-releases/glenview-capital-issues-statement-on-cvs-health-302264708.html
SOURCE Glenview Capital
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now
-
New 4-Star Stocks