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CVS Health to split pharmacy and insurance into two companies
Original: CVS Health to split in two, separating pharmacy business from insurance
CVS Health says it will break itself into two separate companies, splitting its pharmacy and retail operations from its Aetna insurance business. The move reverses the 2018 merger that combined the two, and comes as health insurers face rising medical costs and regulatory pressure. Reuters and NBC News both report the announcement, describing it as a major restructuring of one of America's largest healthcare companies.
Why now: The company announced a major corporate split that reverses its 2018 merger and could reshape the US healthcare industry.
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Evidence
- CVS Health to split in two, separating pharmacy business from insurance · NBC News
- CVS Health to split in two, separating pharmacy business from insurance · Reuters
- CVS Health to split in two, separating pharmacy business from insurance · WTAQ
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