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CVS to Split Off Pharmacy Business, Ending Conglomerate Era

Original: CVS to split off pharmacy business, ending the healthcare conglomerate era

CVS Health has announced it will separate its pharmacy business from the rest of the company, unwinding the healthcare conglomerate structure created when it merged with Aetna in 2018. The move ends a decade-long strategy of combining insurance, pharmacy services and retail drugstores under one roof, and is likely to draw attention from investors, regulators and rivals reassessing similar healthcare consolidation strategies.

Why now: CVS just announced a major corporate breakup that reverses its big healthcare merger strategy, prompting debate over whether healthcare conglomerates work.

CVS HealthAetnaNew York Times

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