Glenview Capital Prepares for Activist Push at CVS, WSJ Says (1)

Glenview Capital Management plans to meet Monday with CVS Health Corp. to propose ways for the health-care company to improve its operations, auguring a potential activist push by the hedge fund, the Wall Street Journal reported.

Glenview founder Larry Robbins has amassed a large position in CVS, the paper said, citing unidentified people close to the matter. CVS represents about $700 million of Robbins’ $2.5 billion fund, one of the people told the Journal.

A CVS spokesman told the newspaper that the company “maintains a regular dialogue with the investment community as part of our robust shareholder and analyst engagement ...