In the financial world we call it Lipstick on a Pig or worse. Pretty much the idea of make something not good look good to sell a company or let some people at the top get out with more money before it falls apart. All temporary.
Layoffs in RI and in CT. Got publicity as they had to file WARN notices. Lots of little cuts everywhere that do not hit the threshold of the WARN notice.
Then they decide to close Coram which likely has lower margins or needed investment. Coram does infusion of specialty dr-gs. Any guess where they get those medications? Will the next vendor or customer use something from their pharmacy or another? Ops, guess they didn’t think or care about that.
Set up HealthSpire and stopped doing some dr-g reviews. Later announce ‘winding down’ HDMS. A small consulting firm so what could happen? HDMS consulted to other parts of CVS business. Now those customers are mad. Ops, guess they didn’t think or care about that.
Small, not smart, cuts to the overall company. May look good on this quarter but come next year not so good. Ops, guess they didn’t think or care about that.