INSIDER
CVS Health CEO Lynch steps down as national chain struggles to right its path
Read full article: CVS Health CEO Lynch steps down as national chain struggles to right its pathCVS Health CEO Karen Lynch has stepped down with company shares sinking 19% this year and the health care giant struggling on several fronts.
CVS Health cuts its 2024 forecast a third time, dragged down by health insurance struggles
Read full article: CVS Health cuts its 2024 forecast a third time, dragged down by health insurance strugglesCVS Health has chopped its 2024 forecast for a third time as the health care giant continues to struggle with high utilization in its health insurance business.
CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt
Read full article: CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurtCVS Health topped second-quarter expectations, but the health care giant’s profit sank as pricing pressure hurt its drugstores and a jump in care use hit the insurance side.
CVS Health tops forecasts, reserves billions for settlement
Read full article: CVS Health tops forecasts, reserves billions for settlementCVS Health booked a third-quarter loss of more than $3 billion after setting aside money for a potential opioid litigation settlement but still beat expectations and raised its 2022 forecast.
CVS Health picks Lynch to lead as CEO starting in February
Read full article: CVS Health picks Lynch to lead as CEO starting in FebruaryCVS Health shares jumped higher than broader indexes. More recently, CVS health has started opening stores it calls “HealthHubs” that have dietitians and are geared toward helping customers monitor chronic conditions like diabetes and stay on top of their health. She came to CVS Health when Aetna was acquired and served as an executive with another insurer, Cigna, before that. CVS Health will become the largest company in that group, topping General Motors, which is led by Mary Barra. CVS Health Corp., based in Woonsocket, Rhode Island, runs one of the nation’s largest drugstore chains with about 9,900 retail locations.