Photo courtesy of CVS Health
CVS Health has appointed Brian Kane as Executive Vice President and President of Aetna, effective September 1. Executive of the company, he will be a member of the leadership team and as president and CEO of CVS Health, he will report to Karen S. Lynch.
“Brian has a proven track record of bringing customer-driven innovation to market and delivering strong operational improvements,” Lynch said in a statement.
He added that Kane’s “passion” for simplifying the healthcare experience contributes to the company’s goals of improving health and engagement while reducing costs.
what is the impact
Kane will lead Aetna, the healthcare benefits division of CVS Health, which provides benefits and insurance solutions to employers, individuals and government agencies.
Most recently, he was a strategy consultant for several private equity firms focused on healthcare services. Prior to that, he was Humana’s Chief Financial Officer, overseeing its primary care business.
According to CVS, he also played a key role in formulating and executing Humana’s strategy during his tenure. Prior to joining Humana, Goldman spent 17 years in the investment banking division of Sachs.
Kane replaces Daniel Finke, who resigned for health reasons after nearly a decade in office. Finke will work with his Kane to ensure a seamless transition in September, the company said.
the bigger trend
The announcement comes just weeks after CVS Health acquired Signify Health for $8 billion. CVS beats out Amazon, UnitedHealth Group and others in buying home healthcare platform. Signify has reportedly gone up for sale at auction, and the board met on Labor Day to discuss the bid.
Signify Health CEO Kyle Armbrester is expected to continue leading Signify Health as part of CVS Health.
A private equity fund affiliated with New Mountain Capital, which owns approximately 60% of Signify Health’s common stock, has agreed to vote in favor of trading its shares.
Email the writer: Jeff.Lagasse@himssmedia.com