The shares of struggling healthcare provider and pharmacy chain CVS Health dropped by more than 5% on Friday after the company made a CEO switch while issuing a warning that its quarterly earnings will fall short of expectations.
Karen Lynch, who led the company since...
Hedge fund Glenview Capital intends to meet with the executives of pharmacy company CVS Health and seek changes that would improve the company’s struggling business, according to a recent report by The Wall Street Journal.
Glenview, which is predominantly focused on the healthcare industry, has...
CVS Health Corp posted its second-quarter earnings on Wednesday, beating Wall Street expectations. The pharmaceutical chain reported a profit of $2.21 per share, beating analysts' estimates of $2.11 per share.
Sales for the company's health services segment rose 7.6% to $46.22 billion compared to the...
CVS Health, one of the biggest pharmacy chains in the U.S., will lay off 5,000 workers as part of the cost-cutting efforts. The news was first reported by Wall Street Journal, with the company later confirming the news in a statement.
According to CVS Health,...
