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CVS is under pressure and considering a breakup. Here's why that could be risky.
CVS risks losing customers and revenue if it splits up its vertically integrated business segments, which includes health insurer Aetna and the major pharmacy benefits manager Caremark. That could translate to more lost profits for a health-care giant that has slashed its full-year 2024 earnings guidance for three consecutive quarters.
Here’s what CVS’s potential breakup could mean for you
Now, after the Woonsocket, R.I.-based health care giant had to again reduce its profit outlook and with its stock taking a pummeling on Wall Street, CVS is reportedly considering breaking itself into two smaller companies to keep its critics at bay.
Why a potential CVS breakup matters
A CVS breakup — which reportedly is on the table — would be pretty hard to actually do and could come with a lot of downsides, and most people seem skeptical it'll happen. But the fact that it's being discussed at all is notable in an era where vertical integration is all the rage.
CVS Considers Breakup
CVS Health (NYSE:CVS) finds its shares are down more than 20% this year as it grapples with higher-than-expected medical costs in its insurance unit and pharmacy reimbursement pressure, among other issues.
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Billionaire Investor Pushes for Changes at CVS. Is Now the Time to Buy the Stock?
From a valuation perspective, the stock is inexpensive, trading at a forward price-to-earnings (P/E) of about 8.4 times based ...
fingerlakes1
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What’s next for pharmacy giant CVS? Breakup possible, but challenges remain for business
The company has already initiated a $2 billion cost-cutting plan and laid off 3,000 employees, but it faces ongoing ...
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Why CVS Health Won’t Break Off Aetna From Its Medical Providers
Talk that CVS Health may break up its businesses would mean unraveling synergies already making the company a lot of money.
5d
on MSN
CVS lays off 2,900 workers in cost-cutting move. Here's what to know.
CVS said it is cutting 2,900 workers, or about 1% of its workforce, as part of an effort to reduce costs by $2 billion.
14h
Does This New Development Make CVS Stock a Buy or a Sell?
Overall, the new announcement pushes CVS toward being a stock worth selling rather than buying. None of the newly announced changes will enable the company to transition into an actual strategy that ...
5d
CVS Health to lay off almost 3K, mainly in corporate ranks
CVS Health announced Tuesday the pharmacy chain will lay off nearly 3,000 workers as part of cost-saving efforts, but the job ...
3d
National pharmacy chain plans to lay off nearly 3,000 workers
The layoffs come amid CVS Health’s plan to close 900 stores, a project the company started in 2021. CVS Health CEO Karen ...
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Glenview Capital: We Don’t Want CVS Health Broken Up
Glenview Capital Management — a hedge fund that has been subject of certain media reports that it was pushing CVS Health ...
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Workers Vote for Strike Against CVS Pharmacy in California Though Talks Set to Resume
A UFCW local said Friday an "overwhelming majority" of union's members who work at CVS authorized a strike against the ...
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Key CVS Health Stock Price Levels to Watch
CVS Health shares have been in the spotlight following reports that the healthcare services giant is considering separating ...
Modern Healthcare
2d
PBMs Express Scripts, OptumRX, CVS Caremark sued by Texas AG
Texas Attorney General Ken Paxton alleges several major manufacturers and pharmacy benefit managers have driven the costs of ...
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