**CVS Health Embarks on Strategic Review Amidst Stock Price Slump**
In a move to revitalize its struggling stock price, CVS Health has initiated a comprehensive strategic review of its business operations. According to sources close to the matter, the company’s board of directors has engaged advisors to explore potential avenues for growth and improvement.
The review, which has been ongoing for some time, aims to identify opportunities to create shareholder value and drive performance across CVS Health’s diverse business segments. However, it remains unclear what specific actions the company will take as a result of the review.
CVS Health’s management team, led by CEO Karen Lynch, recently met with major shareholder Glenview Capital to discuss the company’s lagging prospects and potential strategies for reviving its stock price. The meeting comes as CVS Health faces significant challenges in its insurance business, which has been impacted by rising medical costs.
In response to the news, CVS Health’s shares surged around 2.5% in after-hours trading. The company’s spokesman, David Whitrap, emphasized that CVS Health’s management team and board of directors are committed to driving performance and delivering high-quality healthcare products and services.
The strategic review is the latest development in a series of changes at CVS Health, including leadership turnover in its insurance unit. As the company navigates these challenges, investors will be closely watching for signs of improvement in its stock price and overall business performance.
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