CVS Well being Board of Administrators Names 4 New Members: Leslie Norwalk, Larry Robbins, Man Sansone and Doug Shulman
Appointments observe productive engagement with Glenview Capital Administration
“In our conversations with Glenview leaders, we agreed that we will ship better worth from our built-in companies to all of our stakeholders, together with our prospects, shoppers, colleagues and shareholders,” stated Roger Farah, govt chairman of the board of administrators. CVS Well being. “The addition of Leslie, Larry, Man and Doug to our Board will add new insights and deep market and trade experiences as we give attention to driving better monetary and operational efficiency.”
“As we construct momentum in our built-in mannequin, we proceed to take actions which are constructive for our long-term success, whereas driving innovation and efficiency in our particular person companies and at CVS Well being as a complete,” stated David Joyner, CEO. president and CEO. from CVS Well being. “The addition of 4 skilled thought leaders to our Board additional sharpens our give attention to executing our technique to construct a world of well being round each shopper, as we enhance the whole price of care and buyer expertise throughout medical care.”
“We welcome the chance to hitch the Board, roll up our sleeves and be a part of the Board and management group to drive long-term sustainable worth by steady customer-centric choices, dedication to compliance and high quality, disciplined underwriting and danger administration, aligned incentives and optimum capital allocation,” stated Larry Robbins, CEO of Glenview Capital Administration. “We recognize the Board partaking with us on a cooperative foundation that permits all energies to be productively dedicated to additional strengthening this iconic firm.”
Norwalk will be a part of the Well being Providers Committee, Sansone will be a part of the Audit Committee and Shulman will be a part of the Administration Planning and Improvement Committee.
With these 4 new administrators, the Council turns into composed of 16 members. In reference to the Board appointments, CVS Well being and Glenview entered right into a confidentiality settlement beneath which Glenview agreed to customary confidentiality, suspension and different provisions. The confidentiality settlement will likely be filed in a Kind Eight-Okay with the
About Leslie Norwalk
Norwalk serves as a strategic advisor to healthcare corporations by her roles at Epstein Becker Inexperienced, EBG Advisors and Nationwide Well being Advisors. He additionally advises a number of personal fairness corporations and holds administration positions at Arvinas, ModivCare, Neurocrine Biosciences, Globus Medical, in addition to a number of personal healthcare firms. His board expertise contains earlier roles with well being insurers and pharmacy profit managers. Within the George W. Bush administration, Norwalk held a number of positions on the Facilities for Medicare and Medicaid Providers (CMS), together with Performing Administrator, the place she oversaw Medicare, Medicaid, the State Kids's Well being Insurance coverage Program, Surveys and Certifications , and different federal well being care companies. initiatives, significantly the implementation of the Medicare prescription drug profit.
About Larry Robbins
Robbins is the founder, portfolio supervisor and CEO of Glenview Capital Administration and has 30 years of expertise as an institutional investor with a big give attention to healthcare. He brings in depth board and management expertise in business and nonprofit corporations as Chairman of the Board of KIPP NYC and Array Schooling, former Chairman of the Board of Relay Graduate College of Schooling, Zearn, and the Robin Hood Basis. and as lead impartial director of Butterfly Community. Robbins grew to become an authorized public accountant in 1991.
About Man Sansone
Sansone is at present President and CEO of H2 Well being, a number one regional supplier of bodily rehabilitation companies and medical staffing options. He brings greater than 30 years of expertise working as an advisor, investor and senior supervisor in corporations the place he helped refine long-term technique, enhance operations and implement natural and inorganic development plans. Previous to founding H2, Sansone labored at Alvarez and Marsal for 21 years, the place he was the founding father of the Healthcare Trade Group. His management roles have been with corporations throughout all subsectors of the healthcare panorama, with a selected give attention to healthcare companies. Sansone is a lead impartial director of Pediatrix Medical Group and serves on the board of administrators of ChenMed. He has additionally served on a number of boards of administrators for healthcare corporations, together with Magellan, Brookdale Senior Residing, and HealthPRO Heritage.
About Doug Shulman
Shulman has been President of OneMain Holdings, Inc. since January 2021 and has served as CEO since 2018. Shulman has important expertise managing massive, advanced organizations on the intersection of expertise, knowledge and analytics. Beforehand he was Senior Govt Vice President, International Head of Shopper Providers and a member of the Govt Committee of BNY Mellon from 2014 to 2018. Shulman was Commissioner of the Inside Income Service from 2008 to 2012. Early in his profession, he held a number of positions. govt positions, together with vice chairman, on the Monetary Trade Regulatory Authority and its predecessor, the NASD, from 2000 to 2008, the place he oversaw its a number of markets, company growth, companies and expertise. Shulman at present serves on the board of administrators of the Carnegie Basis for the Development of Instructing.
About CVS Well being
CVS Well being® is the main well being options firm delivering care like nobody else can. We attain extra folks and enhance the well being of communities throughout the US by our native presence, digital channels and greater than 300,000 devoted colleagues, together with greater than 40,000 physicians, pharmacists, nurses and nursing professionals. The place and when folks want us, we assist them with their well being, whether or not it's managing continual illnesses, adhering to their medicines, or accessing reasonably priced well being and wellness companies in essentially the most handy manner. We assist folks navigate the healthcare system (and their private healthcare) by bettering entry, decreasing prices, and being a trusted accomplice for each important well being second. And we do the whole lot with our hearts, day-after-day. Observe @CVSHealth on social media.
About Glenview Capital
in his 24th yr of operations, Glenview Capital is a long-term funding partnership targeted on basic investments.
Cautionary Assertion Relating to Ahead-Trying Statements
This press launch comprises forward-looking statements. The Personal Securities Litigation Reform Act of 1995 supplies a protected harbor for forward-looking statements made by or on behalf of CVS Well being. By their nature, all forward-looking statements should not ensures of future efficiency or outcomes and are topic to dangers and uncertainties which are troublesome to foretell and/or quantify. Precise outcomes might differ materially from these contemplated within the forward-looking statements as a result of dangers and uncertainties described in our filings with the Securities and Alternate Fee (“SEC”), together with these set forth within the Danger Components part and beneath the heading ” Cautionary assertion.” With respect to forward-looking statements” in our most not too long ago filed Annual Report on Kind 10-Okay, our Quarterly Reviews on Kind 10-Q for the quarterly durations ended March 31, 2024, June 30, 2024 and September 30, 2024 and our Present Reviews on Kind Eight-Okay.
You might be cautioned to not place undue reliance on CVS Well being's forward-looking statements. CVS Well being's forward-looking statements are and will likely be based mostly on administration's present opinions and assumptions concerning future occasions and working efficiency, and communicate solely as of the dates of such statements. CVS Well being undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions, uncertainties or in any other case.
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Ethan.Slavin@CVSHealth.com
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InvestorInfo@CVSHealth.com
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SOURCE CVS Well being