15 Recent Activist Investor Campaigns

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12. CVS Health Corporation (NYSE:CVS)

Value of Stake: $700 Million

Glenview Capital Activist Campaign Initiated: September 2024

Number of Hedge Fund Holders: 74

CVS Health Corporation (NYSE:CVS) is a healthcare company that operates a network of pharmacies, drugstores, and healthcare services, including prescription drugs and over-the-counter medications. After dropping by about 7% in 2024, the stock bounced back in 2025, outperforming the overall market by a 52% year-to-date gain. Glenview Capital, with stakes worth $700 million, is increasingly pushing for strategic changes aimed at revitalizing the ailing healthcare group’s growth prospects.

CVS Health Corporation (NYSE:CVS) has already had to expand its board to avoid a proxy fight with the activist hedge fund. The company is to add four new members to the board as part of the changes agitated by the activist hedge fund. In addition, CVS Health Corporation has confirmed the exit of its Chief Financial Officer. The exit comes as CVS faces financial struggles not helped by disappointing earnings. The company’s new CEO has already laid out a string of cost-cutting plans and named a new insurance head in a bid to navigate the challenging period.

“We welcome the opportunity to join the Board, roll up our sleeves and lock arms with the Board and leadership team to drive long-term, sustainable value through continued customer-centric offerings, commitment to compliance and quality, disciplined underwriting and risk management, aligned incentives, and optimal capital allocation,” said Glenview Capital’s CEO Larry Robbins.

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