Health
CVS Management, Board Have Been Weighing Options for Months
- Pharmacy giant also in talks with Glenview Capital Management
- CVS under pressure in both insurance and retail businesses
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CVS Health Corp. has been reviewing its strategic options for months, including a potential breakup, according to a person familiar with the talks, as rising medical costs in its Aetna insurance arm weigh on the health-care conglomerate.
The entrance of hedge fund Glenview Capital Management, which approached the company a few weeks ago about improving the business, made the conversation public and ratcheted up pressure on Chief Executive Officer Karen Lynch.