Recent Posts

CVS Ousts Karen Lynch as C.E.O. and Shares Fall

CVS Health abruptly ousted its chief executive, Karen S. Lynch, on Friday as the pharmacy and health care conglomerate struggled with sluggish growth and faced pressure from investors. The company appointed David Joyner, the head of CVS Caremark, its successful unit overseeing prescription drug benefits, as the new chief. The …

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Veterans Dept. Investigating Acadia Healthcare for Insurance Fraud

The Veterans Affairs Department is investigating whether Acadia Healthcare, one of the country’s largest chains of psychiatric hospitals, is defrauding government health insurance programs by holding patients longer than is medically necessary, according to three people with knowledge of the inquiry. The investigation, led by the agency’s inspector general, comes …

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