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Can the new CVS CEO handle the Aetna challenge?
As CVS Health's new CEO David Joyner steps into the top job after Karen Lynch's quick departure on Friday, Wall Street analysts and some investors are questioning whether he has the right experience to turn around the Aetna health insurance business as it struggles with high medical costs.
This 1 Challenge Will Test New CVS Health CEO David Joyner
The industry-wide rise in health coverage costs makes the company's Aetna unit the new leader's most difficult problem.
Behind CVS CEO’s ouster, a question: Do a pharmacy and a health insurer make sense together?
That has been the existential question for CVS Health for six years, since its $70 billion acquisition of the massive insurer Aetna. The biggest pharmacy chain in the U.S. had already been moving beyond retail since its 2007 deal for pharmacy benefit manager Caremark.
18h
As more CVS/Aetna layoffs loom, some CT lawmakers want more info from company
CVS Health plans to lay off more than 400 employees connected to its offices in Hartford. But it has declined to disclose how ...
6d
CVS Health May Spin-Off Insurance Business
Deal Overview CVS Health a leading health solutions company in the US, is considering a potential break-up to separate its ...
HealthLeaders Media
15h
CVS Replaces CEO Karen Lynch with Caremark Head in Latest Shake-Up
David Joyner will take over as the company heads in a new direction to stabilize its finances. CVS Health’s reshuffling has ...
Modern Healthcare
3d
Wall Street weighs in on CVS Health CEO shakeup
CVS Health stock sold for $72.08 a share when Karen Lynch became president and CEO in 2021. It closed at $60.35 on Friday.
3d
Events leading up to CVS Health CEO Lynch's departure
CVS Health CEO Karen Lynch is stepping down after nearly four years at the helm, as the healthcare conglomerate faces ...
Benefits Pro
11d
CVS layoffs will include more than 400 employees at Aetna
On the heels of its recent announcement that CVS Health will eliminate about 2,900 jobs nationwide, the health care giant is ...
13h
CVS needs ‘realistic targets’ it can exceed says analyst after CEO dismissal
As the new CEO at CVS, Joyner’s strategic partner will be CFO Tom Cowhey, who was promoted to the role in January after ...
11h
CVS Health: Hold Rating Amid Health Care Benefits Segment Challenges and Future Prospects
CVS Health (CVS – Research Report), the Healthcare sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael ...
devdiscourse
6h
Latest Health Developments: From Bird Flu Concerns to Biotech IPOs
The CDC investigates potential bird flu infections in Washington farm workers. Baxter seeks to restore dialysis patient ...
3d
Change in top job at CVS comes amid Aetna layoffs in CT, other states
Aetna veteran Karen Lynch has been replaced as CEO of CVS Health, less than four years after getting the top job.
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