CVS to Split Retail Pharmacies From Insurance and Pharmacy-Benefit Operations
CVS Health will split into two companies, separating its retail pharmacies from its insurance and pharmacy-benefit operations, the Wall Street Journal reported, citing people familiar with the matter.
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CVS Health is splitting its retail pharmacies from its insurance and pharmacy-benefit businesses, undoing the company's nearly-$70 billion acquisition of insurer Aetna. The breakup into two publicly traded companies will occur in the first half of 2028. One company, still called CVS Health, will co…
By Anna Wilde MathewsCVS Health will split into two companies, dividing its retail pharmacies from its insurance and pharmacy-benefit operations in a move that will reverse one of the signature deals defining an era of health-industry gigantism, people familiar with the matter said.The breakup is s…