Posture
retrenching
Digesting the Aetna + Oak Street + Signify debt load under new CEO David Joyner — ~900 store closures, buybacks cut to a token ~$158M, cash steered to debt paydown and the dividend.
Sourced figures 2
- Wikipedia — CVS Health (recent developments) CEO David Joyner (from Oct 2024); Oak Street Health acquired 2023 (~$10.6B EV); Signify Health 2022 (~$8B); ~900 stores being closed (~10% of footprint)
- stockanalysis.com CVS cash-flow statement buybacks only $158M FY25 vs $3,397M dividends — capital preservation, not return
the working
Basis
Digesting the Aetna + Oak Street + Signify debt load under new CEO David Joyner — ~900 store closures, buybacks cut to a token ~$158M, cash steered to debt paydown and the dividend.
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