Activist investor Engaged Capital LLC is taking aim at health-care software and services company Evolent Health Inc., amassing a 9.9% stake and demanding changes to operations or alternatives including a potential sale, according to people familiar with the matter. A stake of that size makes Engaged Capital the largest shareholder in Evolent. The Wall Street Journal first reported on Engaged’s stake in the company Thursday; the firm later issued a filing outlining its stake.

Source: Wall Street Journal August 20, 2020 19:30 UTC