CVS adds four new board members in deal with Glenview Capital-March 2024-www.financetom.com

CVS adds four new board members in deal with Glenview Capital

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

CVS adds four new board members in deal with Glenview Capital

Nov 19, 2024 8:45 PM

(Reuters) -CVS Health ( CVS ) said on Monday it would add four new members to its board in an agreement with Glenview Capital Management, including the hedge fund's chief executive Larry Robbins.

Shares of the healthcare conglomerate rose nearly 3% in premarket trading.

Longtime investor Glenview Capital Management bought 2.8 million CVS shares during the third quarter, increasing its stake by 31%.

"In our discussions with the leadership at Glenview, we agreed that we can deliver greater value from our integrated businesses to all of our stakeholders, including our customers, consumers, colleagues and shareholders," said CVS chairman Roger Farah.

Three other executives will join Robbins on the CVS board, bringing the total members to 16.

(Reporting by Sriparna Roy in Bengaluru; Editing by Anil D'Silva and Krishna Chandra Eluri)

Previous page： U.S. consumers cannot report fraud to FTC during shutdown, agency says Next page： Enviracore Services™ Acquires Oklahoma City-based Boomer Environmental as First Platform Investment

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

U.S. consumers cannot report fraud to FTC during shutdown, agency says

Mar 10, 2026

(Reuters) -The U.S. Federal Trade Commission will not take consumers' fraud complaints or help them block spam calls, and it will not grant early clearance to mergers during the government shutdown, the agency said on Wednesday. The shuttering of the agency that enforces laws against anticompetitive and deceptive business behavior is one small part of the national gridlock that began on...

Enviracore Services™ Acquires Oklahoma City-based Boomer Environmental as First Platform Investment

Mar 10, 2026

OKLAHOMA CITY--(BUSINESS WIRE)-- Enviracore Services (“Enviracore” or the “Company”), a leading platform of environmental services is proud to announce the acquisition of Boomer Environmental, a respected Oklahoma City-based provider with over 20 years of operations in the Oklahoma and Arkansas markets. This strategic acquisition formalizes Enviracore’s footprint in these key markets. Throughout its history, Boomer Environmental has built a reputation...

StaffDNA® Welcomes Ethos Medical Staffing to Its Portfolio

Mar 10, 2026

PLANO, Texas, Oct. 1, 2025 /PRNewswire/ -- As it continues to strengthen its digital marketplace for healthcare careers, StaffDNA announced today it has acquired certain assets from Ethos Medical Staffing. This acquisition, which includes a robust database of allied professionals and travel nurses, as well as candidates currently on assignment, enhances StaffDNA's healthcare staffing division. Additionally, the acquisition automatically enables StaffDNA...

PharmaTher Falls 22%, Sells Ketamine ANDA For Over US$25 Million in Potential Payments

Mar 10, 2026

10:55 AM EDT, 10/01/2025 (MT Newswires) -- PharmaTher Holdings ( PHRRF ) down 22% on last look, said Wednesday it has sold its abbreviated new drug application (ANDA) for ketamine hydrochloride injection USP to a global pharmaceutical company. PharmaTher ( PHRRF ) will receive a confidential upfront cash payment at closing and is eligible for milestone payments based on cumulative...