CVS Health to Split Retail Pharmacies and Insurance
CVS Health announced plans to separate its retail pharmacies from its Aetna insurance and pharmacy-benefit operations by 2028. The move unwinds its 117 billion dollar healthcare conglomerate structure as shares fell 12 percent.
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CVS Health will split into two standalone companies by the first half of 2028, separating its retail pharmacies from the Aetna insurance business. The plan unwinds a $117 billion healthcare conglomerate built over two decades of acquisitions. Shares fell 12.6% to $79.94 following the announcement.
