CVS Health Plans to Split Into Two Separate Companies
CVS Health plans to separate its retail pharmacies from its insurance and pharmacy benefit operations. The move reverses a strategy of building an integrated healthcare business.
Xurve View
Insights:
Xurve View
CVS HEALTH CORP will split into two separate entities, separating its retail pharmacy chain from its insurance and pharmacy-benefit units under CEO David Joyner. The planned breakup reverses a multi-year acquisition strategy that included the $78B purchase of insurer Aetna in 2018. Investors pushed shares up 1.2% in extended trading following Tuesday's reports.
